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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.

Effected JurisdictionArkansas
Jurisdiction type: State
Fiscal year ending In2018
Program nameIn-House R&D Tax Credits
Program purpose: Research and development
Statutory authority: Arkansas Code Ann. 15-4-2708(b)
Abating jurisdiction(s): State of Arkansas
Applicable taxesIncome Tax
Method of abatement: Tax Credit
Provisions for recapture: Because taxes are abated after qualified expenditures are made, no recapture provisions are provided.
Gross revenue loss: $4,616,000
Reimbursement / offset: $0
Net revenue loss: $4,616,000
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://www.dfa.arkansas.gov/accounting-office/acfr/