Wind Energy Manufacturing Tax Incentive

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Eligibility: 
Commercial
Industrial
Savings Category: 
Wind (All)
Wind (Small)
Maximum Rebate: 

Up to 100% income tax exemption

Program Info
Sector Name: 
State
Administrator: 
Arkansas Economic Development Commission
Expiration Date: 

12/31/2033

State: 
Arkansas
Program Type: 
Industry Recruitment/Support
Rebate Amount: 

Varies, depending on amount invested and other factors

Summary: 
With the passage of HB 2230 (2009) in April 2009, the Arkansas Legislature expanded a tax incentive for manufacturers of windmill blades or components. A full income tax exemption is available for business that meet certain criteria, including locating in the state before December 31, 2007. Businesses that locate in the state after January 1, 2008 are eligible for a partial income tax abatement. Businesses taking advantage of these tax incentives must demonstrate significant investment and job creation in order to receive the tax incentive.

To be eligible for the full income tax exemption, a business must invest at least $150,000,000 and hire 1,000 new employees within six years. To be eligible for the partial income tax abatement, a business must demonstrate investment, job creation, and must pay certain wages. The actual income tax abatement is determined by the extent to which a business meets these criteria. Eligible businesses sign an agreement with the Arkansas Economic Development Commission.