Arkansas R&D Tax Credit Summary

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


R&D Credit Summary:

The R&D tax credit equals:

  • 10% of QREs (In-House Research and Development)
  • 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)

Special Notes:

  • 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
Research Tax Credit
Important Links and Forms

AR R&D Credit
Schedule AR1100BIC
Tax Return Instructions

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