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Connect with us to find out how R&D tax credits can boost your organization’s bottom line.
Arkansas provides a research and development credit. Arkansas’ Research and Development programs are intended to provide incentives for university-based research, in-house research, and R&D in qualified start-up businesses. Tax credits under these programs can offset up to 100% of a business’s tax liability in a given year.
Research Park Support Donation Credit: A credit is available for Donation Made To An Accredited Institution of Higher Education To Support A Research Park. The amount of the credit is 33% of a qualified donation made to an accredited institution of higher education to support a research park authority.
In-House Research Income Tax Credit: A business that conducts "in-house" research within a research facility that is operated by the eligible business may claim a credit equal to 20% of the amount spent on in-house research that exceeds the base year for a period of three years and the incremental increase in qualified research expenditures for the succeeding two years.
In-House Research by Targeted Business Income Tax Credit: A credit is available for qualified research expenditures incurred in connection with a financial incentive agreement with the Economic Development Commission. The amount of the credit is 33% of qualified research expenditures for each of the first five years of the financial incentive agreement.
In-House Research in Area of Strategic Value Income Tax Credit: A taxpayer who invests in in-house research in an area of strategic value; or a project under the research and development programs offered by the Arkansas Science and Technology Authority and approved by its Board of Directors may claim a credit equal to 33% of qualified research expenditures for each of the first five years of the financial incentive agreement.
Learn more about Arkansas' R&D Tax Credits and Incentives.
R&D Tax Credit Available:
Yes
Eligible Entities:
C-Corporation, S-Corporations, LLCs, Partnerships
Deadline for Tax Filing:
Application
Data Required to Compute Credit:
Claim Period Arkansas Qualified R&D Expenses (QREs)
Credit Carryforward:
9 Years
To get an estimate of the potential value of your unclaimed R&D Tax Credits, try out our credit calculator.
Download our R&D Tax Credit Calculator for Android to see how much you can receive from your qualified R&D tax credit expenses.
Arkansas offers a 20% credit on QREs above a base year, with 33% for university-partnered or strategic research, approved by the Arkansas Science and Technology Authority.
Eligible activities include in-house or university-partnered research, like software development or manufacturing innovations, meeting federal criteria. Strike Tax confirms eligibility.
For $100,000 in excess QREs, you could save $20,000 or $33,000 for strategic research. Use Strike Tax’s R&D Credit Calculator for estimates.
Credits are non-refundable, offset 100% of tax liability, and carry forward for nine years. Targeted businesses may sell credits. Strike Tax can assist.
Submit a project plan to ASTA, obtain a Certificate of Tax Credit, and file with your tax return. Strike Tax streamlines the process.
Yes, businesses can claim both federal and state credits for the same QREs. Strike Tax maximizes both for optimal savings.
Tech, manufacturing, and university-partnered businesses benefit most due to higher credit rates. Strike Tax evaluates your eligibility.
Strike Tax ensures ASTA compliance, maximizes credits, and provides expert documentation support for Arkansas businesses.
