Arkansas Pollution Control and Ecology Commission Meeting – Friday, March 24th Meeting Canceled
The Arkansas Pollution Control and Ecology Commission (“Commission”) is the environmental policy-making body for Arkansas. The Commission, with certain exceptions, meets on a monthly basis. The Commission has canceled the Friday March 24th meeting. The next Commission meeting is scheduled for…
Notwithstanding Savings Clause, Judicial Reformation Required to Correct Defects in Charitable Remainder Annuity Trust
March 21, 2023
by Ashley L. Gill
A recent tax court case serves as a stern reminder to practitioners that (1) in order for a trust to qualify as a charitable remainder annuity trust (CRAT), the trust’s governing instrument must unambiguously provide for a sum-certain annuity to be paid to the income beneficiaries,[1] and (2) the…
Solid Waste Management Services: Northwest Arkansas Based CARDS Recycling Acquired by Kinderhook Industries
Kinderhook Industries (“Kinderhook”) announced in a March 20th news release that it acquired CARDS Recycling, LLC. (“CARDS”). CARDS is headquartered in Springdale, Arkansas and operates hauling companies, transfer stations, recycling centers, recovery facilities, and landfills throughout the…
94th Arkansas General Assembly/Water Resource Conservation/Development Incentives Act: Addition of Chicot County
House Bill 1624 (“HB1624”) was introduced amending the Water Resource Conservation and Development Incentives Act (“Act”). The legislation is sponsored by Representative Beaty, Jr., and Senator Gilmore. Arkansas Code § 26-51-1008(a) concerning the income tax credit for surface water conversion…
Mississippi River/Gulf of Mexico Hypoxia Taskforce: Arkansas Natural Resources Commission Announces $1.7 Million Funding for Cache River Area Projects
The Arkansas Department of Agriculture announced that its Natural Resources Division (“NRD”) has approved $1.7 million in funding to implement nutrient-reduction related projects supporting the Mississippi River/Gulf of Mexico Hypoxia Task Force’s program. NRC’s news release states that the funding…