The state of Arkansas offers both statutory and discretionary performance-based incentives focused on jobs, payroll and investment created.

Job Creation Incentives

• Advantage Arkansas (Income Tax Credit)

• ArkPlus (Income Tax Credit)

• Create Rebate (cash rebates based on annual payroll)

• Infrastructure Grants (Governor's Quick Action Closing fund & Community Development Block Grants)

• Training Incentives

Investment Incentives

• Tax Back (Sales & Use Tax Refund)

• Property Tax Abatement (PILOT)

Exemptions and Reductions

• Replacement & Repair of Manufacturing Machinery (Sales Tax Reduction)

• Manufacturing Equipment (Sales Tax Exemption)

• Sales Tax Reduction for Power

• Recycling Equipment (Income Tax Credit)

• Tuition Reimbursement (Income Tax Credit)

• Company Childcare Facilities (Tax Refund)

• Arkansas Historic Rehabilitation (Income Tax Credit)

• Freeport Law

Specialized Incentives

• Digital Product and Motion Picture Industry Development Act

• Tourism Development Incentives

• Company Childcare Facilities (Income Tax Credit)

• Equity Investment Tax Credit

• Research & Development Incentives

• Targeted Business Incentives

According to the Tax Foundation, your dollar goes further in Arkansas than anywhere else in the country.

Personal Income does not exist at the city or county levels, while state rates range from 0 to 4.7 percent.

Corporate Income Tax does not exist at the city or county levels, while state rates range from 1 to 5.1 percent.

Real and Personal Property Tax does not exist at the state level, but rates per $1,000 of assessed valuation (20 percent assessment ratio) for individuals and businesses are $70.00 for Little Rock, $66.80 for North Little Rock, and $56.30 for Maumelle.

Sales and Use tax is 6.5 percent for the state, with an additional 1 percent for Pulaski County and 1.125 percent for the City of Little Rock and 2 percent for the City of North Little Rock, Jacksonville and City of Maumelle.

Corporate Franchise Tax is .30 percent times the number of outstanding capital shares by par value for Arkansas corporations and .30 percent times the percentage of assets applicable to Arkansas for out-of-state corporations.

Unemployment Insurance - A business with no previous employment record in Arkansas is taxed at 3.1% on the first $7,000 of each employee’s earnings until an employment record is established, usually within three years.

Pulaski County has a total of eight opportunity zones which includes four in Little Rock, three in North Little Rock and one in Jacksonville/Sherwood. The Tax Cuts and Jobs Act included a new federal incentive — Opportunity Zones — that provides three tax benefits for investing unrealized capital gains in Opportunity Zones.