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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 In2019
Program nameWetland and Riparian Zone Program
Program purpose: Conservation of farmland, forest, open space, or water
Statutory authority: Arkansas Code Ann. 26-51-1501 - 26-51-1510
Abating jurisdiction(s): State of Arkansas
Applicable taxesIncome Tax
Method of abatement: Tax Credit
Provisions for recapture: If the project is not maintained for 10 years after completion, a pro rata share of the income Tax Credits used shall be recaptured.
Gross revenue loss: $269,000
Reimbursement / offset: $0
Net revenue loss: $269,000
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://www.dfa.arkansas.gov/accounting-office/acfr/