Create Rebate Program (Arkansas)

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Last modified on February 12, 2015.

EZFeed Policy

Place Arkansas


   
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
Active Policy Yes

Implementing Sector State/Province




























Primary Website http://arkansasedc.com/incentives/incentives
Applicable Jurisdiction statewide


Last Review 2015-01-17


Information Source http://www.arkansasedc.com/

http://www.dfa.arkansas.gov/offices/exciseTax/TaxCredits/Pages/BusinessIncentivesandTaxCreditPrograms.aspx#10


Summary

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%.



Policy Contact

Department Department of Finance and Administration
Division Tax Credits/Special Refunds Section
Address P.O. Box 1272, Little Rock, AR, 72203



Phone 501-682-7106
Phone 2 1-800-ARKANSAS
Fax 501-682-7499
Email INFO@arkansasedc.com

     
     

Authorities (Please contact the if there are any file problems.)

Authority 1: Arkansas Code Annotated 15-4-2707
Date Effective 2003-09-01



















References