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Arkansas R&D Tax Credits

R&D Tax Credits

Connect with us to find out how R&D Tax Credits can boost your organization’s performance.

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This post was last updated on April 23rd, 2023 by Casey Barka.

Arkansas R&D Tax Credits R&D Tax Credit

Find out if you qualify for R&D tax credits in Arkansas R&D Tax Credits and recharge your business.

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Total tax credit can be carried forward

Arkansas R&D Tax Credits R&D Tax Credit Eligibility Summary:

Is the R&D Tax Credit Available?:
Yes
No
Eligible Entities:
Deadline for Tax Filing:
Data Required to Compute Credit:
What Information is needed?:

Arkansas R&D Tax Credits R&D Tax Credit Guidelines:

Arkansas R&D Tax Credits R&D Tax Credit Case Study

A Nebaraska-based manufacturing company recovered $304K from the R&D tax credits.

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Amount earned in Arizona state tax credits

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Amount of wages qualifed for a Arizona based manufacturer

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Total R&D tax credit earned

Key Arkansas R&D Tax Credits R&D Tax Rules Changes

2019' - 22
22' and after
2019' - 22
22' and after

Resources

There are many other considerations and exemptions, including what documentation the IRS requires for the R&D tax credits. Stay updated to navigate the new tax laws with confidence.

Arkansas R&D Tax Credits

Connect with us to find out how R&D Tax Credits can boost your organization’s performance.

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With just a little info, our Strike Experts can help you start your R&D tax credit journey.

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Arkansas R&D Tax Credits

Find out if you qualify for R&D tax credits in Arkansas and recharge your business

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

The R&D tax credit equals:

  • 10% of QREs (In-House R&D)
  • 33% of QREs incurred each year, for up to five years (In-House Research by a Targeted Business, Research and Development in Area of Strategic Value, and University Based R&D)

Specific Items to Note:

  • The income tax credit for research by a targeted business may not be used with other in-house R&D incentives or any other incentive in Act 182 of 2003 for the same expenditures.
  • The maximum credit that can be earned by a business is $10,000 per tax year and is equal to 20% of QREs.
  • Credits can be claimed for up to 100% of the tax liability.

Ready to calculate your R&D tax credits?

To get an estimate of the potential value of your unclaimed R&D Tax Credits, try out our credit calculator.

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