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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 nameArkPlus
Program purpose: Capital investment
Statutory authority: Arkansas Code Ann. 15-4-2706(b)
Abating jurisdiction(s): State of Arkansas
Applicable taxesIncome 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: $5,049,000
Reimbursement / offset: $0
Net revenue loss: $5,049,000
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://www.dfa.arkansas.gov/accounting-office/acfr/