INCENTIVE DESCRIPTION

State: AR
Incentive Type: Sales and Use Tax Incentives
Incentive Title: Other Tax Incentives
Description: 1) INVESTARK: InvestArk is a sales and use tax credit for businesses established in Arkansas for two years or longer that invest $5 million or more in plant or equipment, new construction, expansion or modernization. A credit against the state sales and use tax liability is equal to 1/2 percent above the state tax rate in effect. The credit can not exceed 50% of the businesses tax liability. Any unused credit may be carried forward for up to 5 years. 2) TOURISM DEVELOPMENT SALES TAX/INCOME TAX CREDIT The Arkansas Tourism Development Act provides state sales tax credits and corporate income tax credits to businesses initiating approved tourism attraction projects. Sales tax credits of up to 15% of eligible project costs, may be higher in certain designated counties. Sales tax credit is applied against sales tax liability of the project. Income tax credit is equal to 4% of the annual payroll for each new full-time employee. Unused credits may be carried forward for 9 years.
Eligibility Requirements: 1) Must be established in Arkansas for two years or longer and invest at least $5 million. Eligible businesses eligible include: manufacturers, computer firms, motion picture, distribution, corporate headquarters and others. Must file all required applications. 2) Must be an eligible tourism business, make minimum investment of $500,000, must file all required applications.
Geographic Restrictions: Statewide
Granting Authority: State of Arkansas


The information which you have reviewed is a summary of the benefits and savings which may be available for your company. To receive a more detailed analysis of valuable opportunities for your company, please forward your contact information to Larry Kramer at lkramer@incentisgroup.com

Impotant Legal Information
Information is provided in summary form and should not be considered legal, investing, or other business advice. Its receipt does not create a relationship between Incentis Group and recipient. All information is believed to be accurate at the time of printing but should not be relied upon, and no decisions should be made, without consulting the full text of the applicable statutes and seeking independent counsel. Incentis Group and FastFacility make no representation as to the eligibility of a company or person to receive any incentives.