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Tax CreditArkansasActiveVerified

Arkansas Targeted Business Tax Credit

Arkansas Economic Development Commission (AEDC)AR-TARGETED-TC
Max per Applicant

Varies

Maximum a single org can receive

Deadline

Rolling / No deadline

Jurisdiction

Arkansas

About This Program

Income tax credits for Arkansas-based small businesses in targeted industries creating new jobs, providing up to $4,000 per new employee for qualifying technology, research, and advanced manufacturing companies.

Key Requirements & Eligibility

  • 1Business must be classified in a targeted industry (technology, research, advanced manufacturing)
  • 2Must employ fewer than 100 people at time of application
  • 3Must create minimum 2 new full-time jobs paying at least $35,000 annually
  • 4Credit: up to $4,000 per net new employee per year for 5 years
  • 5Must be headquartered in Arkansas

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Apply or Learn More

Visit the official page to review full eligibility requirements and apply.

Official Source
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Applicable Industries

TechnologyManufacturingBiotech & Life SciencesSmall Business
Official Source