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Feature Story: 2016 Economic Development Awards

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Eleven different Pennsylvania-based construction companies already have been subcontracted to do much of the work, and many more opportunities will be made available as the project goes forward. The income tax credit earned may be used to offset 50 percent of the investor’s Arkansas income tax liability in any one tax year.

Indiana 40
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State by State Incentives Guide

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ARKANSAS – updated for 2014. Create Rebate Program: An incentive that may be offered at the discretion of the director of the Arkansas Economic Development Commission in highly competitive situations, it provides annual cash payments based on a company’s annual payroll for new, full-time, permanent employees.

Income 108
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STATE INCENTIVES GUIDE

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RESEARCH AND DEVELOPMENT INCENTIVES: University Based Research and Development – An eligible business that contracts with one or more Arkansas colleges or universities in performing research may qualify for a 33 percent income tax credit for qualified research expenditures. Use Tax Exemption – on qualifying equipment purchased out-of-state.

Income 75