Businesses
Government-funded
Varies
Amount varies
Tax Credit
Reduces tax liability
Rolling
No fixed cutoff
Annual tax return
Claim with year-end filing
Moderate
File with tax return
Sales and use tax refund for Arkansas manufacturers and businesses purchasing machinery, equipment, and building materials for a new or expanded facility. Refund equal to the state's 6.5% sales tax on qualifying purchases, significantly reducing capital investment costs.
Do I qualify?
Answer the questions below for a rules-based self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.
1.Minimum $5 million capital investment in qualifying facility
2.Business must be a manufacturer, processor, or approved industry
3.Refund: 6.5% state sales/use tax on machinery, equipment, and materials
4.Must apply before purchasing begins
5.Facility must remain operational for at least 5 years
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Provides state income tax credits for investments in renewable energy equipment and energy efficiency improvements for business properties in North Carolina, stackable with federal ITC.
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