Please review the information and table below to understand if you qualify for the Major Rehabilitation Tax Credit.
If you are applying for both Federal and State tax credits, please only use the Federal application. The State process will use the Federal Application to determine eligibility.
The Arkansas Major Rehabilitation Tax Credit Program was created in 2019, but was not funded until 2023 by Governor Sanders with a $40 million allocation. New rules provide for a bi-annual review for Application for Funding Allocation. This allows projects to reserve funds for a set period to ensure they are available upon completion of a major project.
| Max Credit Claim | Tax Credit | Max Credit Earned |
|---|---|---|
| $48 million | 25% | $12 million |
The Major Rehabilitation Tax Credit Application has several parts. Some parts may not be completed in order or may need to be completed after certain conditions are met. Please read the description before clicking the application link to ensure you are at the correct part.
Please format supplemental photos following the National Park Service Electronic File Format Standards and File Naming Conventions.
All applications should be emailed or mailed to Tom Marr at the following address:
If your building is listed on the National Register of Historic Places, please start with the Description of Rehabilitation application.
Rehabilitation work is only valid for buildings listed on the National Register of Historic Places. If your building is not listed, please start with the Evaluation of Significance application.
This application should only be submitted after the rehabilitation work has been completed.
You will only need to use this part of the application if: