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Research & Development Tax Credit ProgramClick here for an update on research funding. PurposeTo provide incentives for Arkansas industries to participate in the Arkansas Science & Technology Authority's Applied Research Grant Program or similar research programs. A program goal is to encourage investment by industry in the transfer of science and technology from Arkansas colleges and universities. Program DescriptionThe Research & Development Tax Credit Program allows credits against a taxpayer's Arkansas state income tax for making certain qualified research expenditures as well as certain donations or sales below cost of new machinery and equipment to a qualified research program. Eligible UsersIndustry and individuals in Arkansas that make expenditures or donations and sales below cost of machinery and equipment to a qualified educational institution for a qualified research program, as defined by the R&D Tax Credit Program rules available from the Authority. How to ParticipateAll applicants must complete an application form provided by the Authority and must submit the following documents with the application: EvaluationAll applications will be reviewed by Authority staff for completeness and will be investigated by staff to assure that all eligibility criteria are met.Final decisions on granting tax credits will be made by the Board of Directors of the Arkansas Science & Technology Authority. Rules, Guidelines, FormsThe following forms are pdf documents and require Rules -PDF Contact Back to Top |
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