Arkansas Code Title 15, Subtitle 1, Chapter 4, Subchapter 27 - Consolidated Incentive Act of 2003
§ 15-4-2701 - Legislative Intent.
(a) The General Assembly recognizes that job creation and capital investment in Arkansas are dependent upon being competitive with other states for business locations...
§ 15-4-2702 - Title.
This subchapter shall be known and may be cited as the "Consolidated Incentive Act of 2003".
§ 15-4-2703 - Definitions.
As used in this subchapter: (1) "Applied research" means any activity that seeks to utilize, synthesize, or apply existing knowledge, information, or resources to...
§ 15-4-2704 - Tier System.
(a) The Arkansas Economic Development Commission shall establish a tier system that shall rank all seventy-five (75) counties of this state into four (4)...
§ 15-4-2705 - Job-Creation Tax Credit.
(a) There is established a job-creation tax credit to encourage: (1) The creation of new jobs; and (2) Business growth and expansion.(b) An application...
§ 15-4-2706 - Investment Tax Incentives.
(a) There are established investment tax incentives to: (1) Encourage capital investment for the long-term viability of businesses in the state; and (2) Create...
§ 15-4-2711 - Administration.
(a) A person claiming credit under the provisions of § 15-4-2706(c) is a "taxpayer" within the meaning of § 26-18-104(16) and shall be subject...
§ 15-4-2712 - Restrictions.
(a) Except as provided in subsection (b) of this section, the incentives established by this subchapter may be combined.(b) (1) The investment tax credit...