Tax Back – Sales and Use Tax Refund
Advantage Arkansas participants investing at least $100,000 are eligible for the Tax Back program. This program provides a refund of sales and use taxes on the purchase of building materials and taxable machinery and equipment associated with the approved project.
The business must sign a job-creation agreement under the Advantage Arkansas program within 24 months of signing the Tax Back agreement.
Applicants for Tax Back must obtain an endorsement resolution from the local governing authority that authorizes the refund of its local taxes. Applicants must meet the same qualification criteria as Advantage Arkansas and must be approved by the Arkansas Economic Development Commission.
For more information, Joey Dean (Vice President, Economic Development; Executive Director, Metro Little Rock Alliance), 501.377.6006.