Arkansas Gov. Sarah Huckabee Sanders signed two bills into law on April 13 that will extend the state’s Historic Rehabilitation Tax Credit for five years and change the tax credit percentage depending on locale. S.B. 461 changes the tax credit percentage from 25 to 40 percent for properties in cities with fewer than 10,000 residents, 35 percent for cities with populations of 10,000 to 50,000 and 30 percent for properties in cities with more than 50,000 residents. S.B. 462 extends the sunset date for the state’s HTC from June 30, 2025, to June 30, 2030.