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. The credits may be used of offset 50 percent of the state income tax liability in the tax year earned. Unused credits may be carried forward for nine years.

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. The amount of assistance is determined by the strength of the company, number of jobs, average wage, project capital investment.

Infrastructure Grants
The state may support projects by participating in the cost of project infrastructure improvements by committing discretionary grants from state and federal infrastructure funds.

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.