Economic Incentives & Tax Credits

High impact incentives for small businesses in Arkansas

Home to four Fortune 500 companies and more than 141 international corporations, Arkansas is an industry melting-pot from which one success builds on another. Arkansas houses prominent figures in industries such as retail, transportation, food processing, and oil, showcasing an economy as diverse as their skilled workforce. As a business friendly state, Arkansas provides a variety of appealing incentives for companies aiming to establish, grow, or move their operations. These incentives span from monetary reimbursements to grants designed for local communities.

Top tax incentive programs for small and medium-sized businesses in Arkansas

Arkansas Department of Finance and Administration
Advantage Arkansas Income Tax Credit

The act 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.

Arkansas Department of Finance and Administration
ArkPlus Income Tax Credit

The program provide a ten percent (10%) income tax credit to eligible businesses based on the total investment in a new location or expansion project.

Arkansas Department of Finance and Administration
Coal Mining Income Tax Credit

The tax credit provides the company with $2.00 per ton of coal mined, produced, or extracted in Arkansas per year. An additional credit of $3.00 per ton will be allowed for each ton of coal mined in Arkansas in excess of 50,000 tons in a tax year.

Arkansas Department of Finance and Administration
Tax Back Sales and Use Tax Refund

Arkansas provides for a TaxBack Program sales and use tax refunds on the purchase of building materials and machinery and equipment to qualifying businesses that create new jobs as a result of construction, expansion, or facility modernization projects.

U.S. Department of Agriculture (USDA)
National and State Conservation Innovation Grants (CIG) Classic

Conservation Innovation Grants (CIG) are competitive grants that drive public and private sector innovation in resource conservation.

Internal Revenue Service (IRS)
Research & Development Tax Credit (R&D)

The R&D Credit was created to incentivize companies to keep high-tech jobs in the US. Companies can claim employee wages, supplies & raw materials, computer rental costs, & third-party contractor expenditures incurred throughout the R&D process.

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Get the Tax Money You're Owed in Minutes

Subcity empowers small businesses, CPAs, and finance professionals to identify and apply for economic incentives and tax credits. Each year, over $100 billion is allocated for incentives across local, state, and federal programs in the U.S. Unfortunately, a significant portion of this money goes unclaimed or to large corporations with teams of tax attorneys and legal experts.

Subcity utilizes a comprehensive database of incentives to connect small businesses with the programs that were designed to help them create jobs, invest in their communities, and grow their business. Subcity charges a 10-20% fee for the programs they successfully secure, ensuring zero risk for clients as payment is contingent on results. Subcity is on a mission to democratize access to capital for America’s small businesses and has already delivered tens of millions of dollars in tax incentives for clients across the country.

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