ARKANSAS BUSINESS INCENTIVES

(All incentive programs may be canceled or exhausted without notice)

Advantage Arkansas
  • Provides an income tax credit to eligible companies
  • Credit is based on percentage of payroll of the new employees hired
  • Credit is earned annually for a period of 5 years
  • Company can offset 50% of its income tax liability
  • Unused credits may be carried forward for 9 years
Tax Back
  • Provides a refund of sales and use tax paid on qualified expenditures (building materials; machinery and equipment exempt)
  • Refund will consist of city, county and state taxes paid less 1% (1/8%-Conservation; 7/8%-Education)
  • Currently the state sales tax is 6.5%; therefore the refund of state taxes will be 5.5% of the eligible taxable purchases
  • Company must spend at least $100,000 to qualify and obtain city and county resolutions authorizing refund
  • The Tax Back program must be combined with a job creation incentive. (Advantage Arkansas or Create Rebate)
ArkPlus
  • Provides a state income tax credit equal to 10% of the total investment in the project
  • Requires both a minimum payroll and minimum investment, based on tiers (see Tier Map)
  • Credits may be used to offset 50% of company’s income tax liability
  • Unused credits may be carried forward for 9 years
Customized Training Grants
  • Provides reimbursement for both on and off-site training for newly created positions related to an expansion or new location
  • Flexible and highly customizable
  • Pre-employment training, new employee orientation, on-the-job training, and/or skills upgrades for new positions qualify under this program
  • All prospective production employees are encouraged to complete the Career Readiness Certificate Process from the Arkansas Department of Workforce Services