Tax Credits/Special Refunds Section

The Delta Geotourism Incentive Act provides an income tax credit to persons and entities that invest in geotourism-supporting businesses that attract and accommodate out of state visitors and that serve to preserve, perpetuate, interpret, and present the rich culture, history, and natural resources of the Lower Mississippi River Delta community. To qualify for an income tax credit under this act, a person or entity shall invest a minimum of $25,000 in a qualified geotourism-supporting business.  Act 349 of 2009 amends the program to allow the credit to be transferred, sold, or assigned to another person or entity.

Contact:  Manager

P.O. Box 1272
Little Rock, AR 72203
501-682-7106                                                                  

www.dfa.arkansas.gov/offices/exciseTax/TaxCredits/Pages/BusinessIncentivesandTaxCreditPrograms.aspx

Grants Division

The Arkansas Tourism Development Act provides incentives for new or expanding tourism facilities and attractions costing a minimum of $500,000 to $1,000,000.  Approved businesses are eligible to recover up to 25% of initial investment for projects located in high-unemployment counties and 15% for all other projects through a sales tax credit against state sales taxes collected from visitors to the attraction.  The business could also be eligible for income tax credits based on a percentage of the payroll of the new full-time permanent employees working at the tourism attraction project. 

Contact:  Grants Manager

900 West Capitol, Suite
Little Rock, AR 72201
Grants: 501-682-1211 Business Development: 501-682-7675               

www.arkansasedc.com

www.arkansasedc.com/incentives/tourism-development-incentives.aspx

To encourage the preservation of historic buildings the federal government offers a program of tax incentives to support the rehabilitation of historic and older buildings for income-producing purposes.

Contact:  Executive Director

323 Center Street, Suite 1201
P.O. Box 305
Little Rock, AR 72203
501-372-4757                                             

www.arkansaspreservation.com/preservation-services/rehabilitation-tax-credit/