Advantage Arkansas Program Form Employee Payroll Certification Audit Request
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People also ask
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What is the Arkansas Equity incentive tax credit?
Equity Investment Tax Credit The income tax credit earned may be used to offset 50% of the investor's Arkansas income tax liability. Any unused credit may be carried forward for a period of nine years. The income tax credit earned may be sold upon approval by AEDC. -
What is the tax back program in Arkansas?
Tax Back (Sales and Use Tax Refund): Businesses that create new jobs and make a minimum capital investment of $100,000 and payroll equal to at least $50,000 depending on which Tier the project is located, may receive a refund on sales and use tax associated with the purchase of building materials and machinery and ... -
What is the Consolidated incentive Act of 2003 Arkansas?
The Consolidated Incentive Act 182 of 2003, as amended, allows the Arkansas Economic Development Commission ( AEDC ) to provide a ten percent (10%) income tax credit to eligible businesses based on the total investment in a new location or expansion project. -
What is the advantage Arkansas tax credit?
Advantage Arkansas (Income Tax Credit) Advantage Arkansas offers a state income tax credit for job creation based on the payroll of new, full-time, permanent employees hired as a result of the project. The Tier Map linked above shows the job creation requirements and the benefits of the program. -
What is the Arkansas Consolidated Incentive Act?
The Consolidated Incentive Act 182 of 2003, as amended, provides an income tax credit to an eligible company for creating new jobs after the company has signed a financial incentive agreement with the Arkansas Economic Development Commission. -
What is the Arkansas Advantage Program?
Advantage Arkansas (Income Tax Credit): This program provides corporate income tax credits to businesses that create new full-time jobs. An annual credit of up to 4% of new employee payroll may be claimed for 5 years.
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