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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 In2020
Program nameTourism Development Program
Program purpose: Tourism development
Statutory authority: Arkansas Code Annotated Section 15-11-501 - 15-11-511
Abating jurisdiction(s): State of Arkansas
Applicable taxesIncome Tax; Sales and Use Tax
Method of abatement: Tax Credit
Provisions for recapture: No recapture provisions as taxes are abated after costs have been incurred or targets have been reached (i.e. performance-based awards).
Gross revenue loss: $1,199,000
Reimbursement / offset: $0
Net revenue loss: $1,199,000
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://www.dfa.arkansas.gov/accounting-office/acfr/