State of Arkansas, Department of Finance and Administration v. Kit Wilson and Jole Wilson

Summary

The court held that Arkansas required the Wilsons’ historic-rehabilitation tax credit to be deducted from their tax liability before apportioning the liability between Arkansas and non-Arkansas income. It further held that the statutory provisions governing nonresident tax computation and historic-rehabilitation credits do not conflict. The court therefore reversed the circuit court’s order requiring ADFA to reduce the Wilsons’ tax obligation to zero and remanded.