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Arkansas Phenylketonuria Disorder Tax Credit

Arkansas Phenylketonuria disorder

Act 529 of 1985, as amended by Act 807 of 1997, allows eligible manufacturers a sales and use tax credit of seven percent (7%) of the total qualified expenditures for an approved project.

Eligibility

A company must have been in continuous operation in Arkansas for at least two years, A company engages in a manufacturing plant construction or expansion project costing more than five (5) million dollars.

(Non)Refundable

Refundable

How To Claim

To claim this Phenylketonuria disorder Credit you must complete the separate application form.

Additional Info

This credit may be used to reduce the State monthly direct pay sales and use tax liability by 50% for a maximum of seven (7) years

Phenylketonuria disorder
Last Updated ( Friday, 08 January 2010 05:55 )