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.
| State or Territory: | Arkansas |
| Effected Jurisdiction: | Arkansas |
Jurisdiction type: | State or Territory |
| Fiscal year ending In: | 2017 |
| Program name: | ArkPlus |
| Program purpose: | Capital investment |
| Statutory authority: | Arkansas Code Ann. 15-4-2706(b) |
| Abating jurisdiction(s): | State of Arkansas |
| Applicable taxes: | Income Tax; Sales and Use Tax |
| Method of abatement: | Tax Credit |
| Provisions for recapture: | The investment thresholds must be reached within four years of the date the financial incentive agreement is signed, except for certain lease payments. Because taxes are abated after eligible costs are incurred and verified, there are no recapture provisions. |
| Gross revenue loss: | $4,472,000 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $4,472,000 |
| Type of loss: | Active |
| Additional notes on dislosure: | (none) |
| Document source: | https://www.dfa.arkansas.gov/accounting-office/acfr/ |
