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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.

Reporting JurisdictionArkansas
Jurisdiction typeState
Fiscal year ending In2018
Program nameWater Resource Conservation and Development
Program purposeConservation of farmland, forest, open space, or water
Statutory authorityArk. Code Ann. §§ 26-51-1001 – 26-51-1014
Abating jurisdiction(s)State of Arkansas
Applicable taxesIncome Tax
Method of abatementTax credit
Provisions for recaptureIf the project is not completed within three years, all income tax credits used shall be repaid. If the project is not maintained for 10 years after completion, a pro rata share of the income tax credits used shall be recaptured based on the number of years since completion.
Gross revenue loss$691,000
Reimbursement / offset$0
Net revenue loss$691,000
Type of lossActive
Additional notes on dislosure(none)