AR HB1521

Repeals the Arkansas Public Roads Improvements Credit Act, which provided a 33% income tax credit for taxpayer contributions to public road improvement projects through the Public Roads Incentive Fund

Eliminates tax incentives for Centers for Applied Technology, which were university-based programs designed to promote collaboration between private enterprises and colleges on technology research and development

Removes provisions from the Consolidated Incentive Act of 2003 related to technology-based enterprises, including investment tax credits, sales and use tax refunds, and payroll rebates for businesses with payroll between $100,000 and $1,000,000

Repeals the Incentives for Major Maintenance and Improvement Projects program, which provided 100% sales and use tax refunds for projects over $3 million at manufacturing facilities (program had already stopped accepting applications as of July 1, 2022)

Eliminates income tax credits for donations or sales of equipment to educational institutions and repeals the partial sales and use tax exemption for replacement and repair of manufacturing machinery and equipment under §§ 26-52-447 and 26-53-149; effective date is October 1, 2025