Arkansas R&D Tax Credit Summary
R&D Tax Credit Available
In-House Research Income Tax Credit
DOES IT APPLY TO C-CORPS & PASS THROUGHS?
This credit is available to C Corporations, S Corporations, LLCs, and Partnerships
Nonrefundable credit with similar definition to federal for Qualified Research Expenses and Qualified Research Activities, except only include Arkansas-based expenses. Credit is incremental.
20% (33% for Targeted Business) on incremental expenses over base amount. The base amount is the prior year’s QREs.