Please note that data are cataloged by fiscal years -- you can switch to different years using the links below. For more info see our user guide.
Arkansas 2020 Revenue Lost to Tax Abatement Programs
Click on the name of a program for more details.
|Program Name||Program Type||Revenue Loss|
|Advantage Arkansas Program||Job creation||$408,000|
|ArkPlus Program||Job creation; Capital investment||$2,079,000|
|In-House Research and Development Program||Research and development||$18,169,000|
|InvestArk Program||Business attraction/retention||$33,629,000|
|Low Income Housing Program||Affordable housing||$761,000|
|Major Maintenance and Improvement Program||Manufacturing||$3,828,000|
|Targeted Business Payroll Program||Job creation||$0|
|Targeted Research Program||Research and development||$2,365,000|
|Tax Back Program||Job creation||$2,327,000|
|Tourism Development Program||Tourism development||$1,199,000|
|Water Resource Conservation and Development Program||Environmental protection||$514,000|
|Wetland and Riparian Zone Program||Conservation of farmland, forest, or open space||$266,000|
|TABULATED STATE-LEVEL TOTAL||$65,545,000|
Tabulated localities and districts
Click on the name of jurisdiction for a list of tax abatement programs that reduced its tax revenue.
We estimated the reporting rate among local governments for each state using 2018 and 2019 data. This is to gauge how much data is available in that state.
For Arkansas, the estimated reporting rate is as follows:
Cities/counties: 1 out of 17 CAFRs or financial statements we examined provided information on tax abatement programs in accordance with GASB Statement No.77.
School districts: 0 out of 234 CAFRs or financial statements we examined provided information on tax abatement programs in accordance with GASB Statement No.77.
Concerned about the lack of disclosure? Check out the roadmap on GASB 77 compliance we created for AR. You can also get a CSV file of the localities in AR that did not make any tax abatement disclosures in their annual financial reports.
Why is there little or no reporting from school districts?: Unknown. Inquiry was went to the State Auditor's office but was redirected to the Finance Department.
Local government / school district financial audits are posted here.