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Research & Development Tax Credits

The 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.

Tax credits are intended to provide incentives for university-based research, in-house research of several kinds, and research and development in start-up, technology-based enterprises. Prior to submitting an application for this program, applicants should understand the different incentives and receive assistance in selecting the most appropriate for the eligible research and development activity.