§ 15-4-2712 - Restrictions. - Arkansas Statutes

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 authorized in 15-4-2706(c) may not be combined with the sales and use tax refund authorized in 15-4-2706(d) for the same project.

(2) The job creation tax credits authorized in 15-4-2709, the sales and use tax refund authorized in 15-4-2706(e), and the research and development tax credit authorized in 15-4-2708(c) may be combined with each other but may not be combined with any other incentives authorized in this subchapter during the period in which the business qualifies for benefits under 15-4-2709.

(3) The job creation tax credit authorized in 15-4-2705 may not be combined with the investment tax credit authorized in 15-4-2706(b).

(4) The job creation tax credit authorized in 15-4-2705 may not be combined with the payroll rebate program authorized in 15-4-2707.

(5) The investment tax credit authorized in 15-4-2706(b) may not be combined with the sales and use tax refund authorized in 15-4-2706(d) for the same project.

(c) The following are discretionary incentives and are not available unless offered by the Arkansas Economic Development Commission:

(1) The payroll rebate program authorized in 15-4-2707;

(2) The job creation tax credit authorized in 15-4-2709;

(3) The investment tax credit authorized in 15-4-2706(b);

(4) The sales and use tax refund authorized in 15-4-2706(e); and

(5) The research and development tax credit authorized in 15-4-2708(c).