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: | 2018 |
| Program name: | Advantage Arkansas |
| Program purpose: | Job Creation/Retention |
| Statutory authority: | Arkansas Code Ann. 15-4-2705 |
| Abating jurisdiction(s): | State of Arkansas |
| Applicable taxes: | Income Tax |
| Method of abatement: | Tax Credit |
| Provisions for recapture: | If the business fails to meet the payroll threshold within two years after signing the financial incentive agreement, unless an extension is granted, the business must repay all benefits previously received under this program |
| Gross revenue loss: | $3,958,000 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $3,958,000 |
| Type of loss: | Active |
| Additional notes on dislosure: | (none) |
| Document source: | https://www.dfa.arkansas.gov/accounting-office/acfr/ |
