Purpose
The Authority's Research & Development Tax Credit Program allows credits against a taxpayer's Arkansas state income tax for making certain qualified research expenditures as well as certain donations or sales below cost of new machinery and equipment to a qualified research program. A program goal is to encourage investment by industry in the transfer of science and technology from Arkansas colleges and universities.
Eligible Users
Industries and individuals in Arkansas that make expenditures or donations and sales below cost of machinery and equipment to a qualified educational institution for a qualified research program, as defined by the R&D Tax Credit Program rules available from the Authority.
How to Participate
All applicants must complete an application final report form provided below and submit the following documents with the application:
1. A copy of a statement from the receiving educational institution verifying that they have received the donation from the applicant.
2. A copy of the proposal for the approved research project receiving the donation.
Evaluation
All applications will be reviewed by Authority staff for completeness and will be investigated by staff to assure that all eligibility criteria are met. Final decisions on granting tax credits will be made by the Board of Directors of the Arkansas Science & Technology Authority.
Rules, Guidelines, Forms
Rules - PDF
Guidelines - PDF
Final Report Form - PDF
Contact
Dr. Steve Stanley, Vice President Commercialization
Arkansas Science & Technology Authority
900 West Capitol, Suite 320
Little Rock, AR 72201
Phone: (501) 683-4408
Fax: (501) 683-4420
steve.stanley@arkansas.gov