ARKANSAS INCENTIVES SUMMARY

Advantage Arkansas
Provides a state income tax credit to companies creating new, full-time jobs. The tax credit is for a term of up to five years, and a company may claim tax credits for up to 50 percent of tax liability. Unused tax credits may be carried forward for up to nine years.

ArkPlus
A state income tax credit of up to ten percent of the total investment in a new location or expansion project. The state reserves this incentive for highly competitive situations involving competition from other states. New employees must receive an hourly wage equal to or greater than $12.50.

Create Rebate
A discretionary cash incentive based on new, full-time jobs created with a minimum of $2 million in new annual payroll. A company must meet the minimum payroll within two years of the effective date.

Tax Back
This program provides sales and use tax refunds on the purchase of building materials and machinery and equipment to companies making a capital investment of at least $100,000. This program is used in conjunction with the Advantage Arkansas or Create Rebate programs.

Notice: This list of economic development incentive programs is intended to provide a high-level overview of commonly pursued state discretionary programs. A comprehensive analysis of project details will determine the full scope of state and local incentive programs that may be available to support a specific project.