Arkansas § 15-4-3302 Equity investment incentives - Creation - Purpose - Tax credit

Arkansas Statutes

§ 15-4-3302 — Equity investment incentives - Creation - Purpose - Tax credit

(a)Equity investment incentives in the form of tax credits to persons or companies investing in certain types of eligible businesses are created.

(b)The equity investment incentives shall:

(1)Encourage capital investment in certain types of businesses including:

(A)Early-stage businesses and start-up businesses in this state;

(B)Businesses paying wages in excess of prevailing wages in the state or the county where the company is located; and (C) Businesses that are invested in by venture capital funds and regional or community-based alliance funds; and (2) Create new jobs.

(c)(1) An equity investment incentive tax credit is created that shall be equal to thirty-three and one-third percent (331/3%) of the approved amount invested by an investor in an eligible business, as identified i

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(a) Equity investment incentives in the form of tax credits to persons or companies investing in certain types of eligible businesses are created. (b) The equity investment incentives shall: (1) Encourage capital investment in certain types of businesses including: (A) Early-stage businesses and start-up businesses in this state; (B) Businesses paying wages in excess of prevailing wages in the state or the county where the company is located; and (C) Businesses that are invested in by venture capital funds and regional or community-based alliance funds; and (2) Create new jobs. (c) (1) An equity investment incentive tax credit is created that shall be equal to thirty-three and one-third percent (331/3%) of the approved amount invested by an investor in an eligible business, as identified in § 15-4-3303(a) . (2) The tax credit, if awarded, is available to the investor.

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