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Tax Break Tracker Individual Entry

Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.

StateArkansas
Effected JurisdictionArkansas
Jurisdiction type: State
Fiscal year ending In2017
Program nameInvestArk Program
Program purpose: General Economic Development
Statutory authority: Arkansas Code Ann. 15-4-2706(c)
Abating jurisdiction(s): State of Arkansas
Applicable taxesSales and Use Tax
Method of abatement: Tax Credit
Provisions for recapture: (N/A)
Gross revenue loss: $38,207,000
Reimbursement / offset: $0
Net revenue loss: $38,207,000
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://www.dfa.arkansas.gov/accounting-office/acfr/