Public Roads Improvement Credit

The Arkansas Public Roads Improvement Credit Act of 1999 provides an income tax credit to any individual, fiduciary or corporation subject to Arkansas state income tax that contributes to the Public Roads Incentive Fund of the Arkansas Economic Development Commission. The contribution may be made to a general improvement fund or designated for a specific project that is approved by the director.

The credit cannot exceed 33% of the taxpayer's contribution. In any one tax year, the credit cannot exceed 50% of the taxpayer's net Arkansas state income tax liability after all other credits and reductions have been calculated. Any amount over 50% can be carried forward up to three years.