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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 nameAdvantage Arkansas
Program purpose: Job Creation/Retention
Statutory authority: Arkansas Code Ann. 15-4-2705
Abating jurisdiction(s): State of Arkansas
Applicable taxesIncome 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 sourcehttps://www.dfa.arkansas.gov/accounting-office/acfr/