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Tax CreditArkansasActiveVerified

Arkansas Targeted Business Tax Credit

Arkansas Economic Development Commission (AEDC)AR-TARGETED-TCRefreshed 1 month ago
Do I qualify?
Max funding

Varies

Amount varies

Type

Tax Credit

Reduces tax liability

Deadline

Rolling

No fixed cutoff

Timing

Annual tax return

Claim with year-end filing

Complexity

Moderate

File with tax return

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

Do I qualify?

Answer the questions below to get an instant self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.

0 of 5 answered

1.Business must be classified in a targeted industry (technology, research, advanced manufacturing)

2.Must employ fewer than 100 people at time of application

3.Must create minimum 2 new full-time jobs paying at least $35,000 annually

4.Credit: up to $4,000 per net new employee per year for 5 years

5.Must be headquartered in Arkansas

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