Create Rebate Program (Arkansas)
Last modified on February 12, 2015.
|Applies to States or Provinces||Arkansas|
|Name||Create Rebate Program (Arkansas)|
|Policy Category||Financial Incentive|
|Policy Type||Corporate Tax Incentive|
|Affected Technologies||Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics|
This program is offered by the Arkansas Economic Development Commission and is available to businesses after a business certifies to the Arkansas Department of Finance and Administration that is has fulfilled the minimum payroll requirements and the reported payroll has been verified by the Department. The program provides annual cash payments based on a company’s annual payroll for new, full-time, permanent employees. In all tiers, a minimum payroll of new, full-time permanent employees of $2 million annually is required. The benefits depend on the tier in which a company locates. Tier 1 benefits are 3.9% and Tier 4 benefits are 5%.
|Department||Department of Finance and Administration|
|Division||Tax Credits/Special Refunds Section|
|Address||P.O. Box 1272, Little Rock, AR, 72203|
Authorities (Please contact the if there are any file problems.)
|Authority 1:||Arkansas Code Annotated 15-4-2707|