Loading chat...
AR HB1922
Bill
Status
4/17/2025
Primary Sponsor
John Maddox
Click for details
AI Summary
-
Creates a new income tax credit of up to 50% of payroll costs for corporations relocating their headquarters to Arkansas, with employment requirements varying by county tier (150-300 new full-time employees depending on tier)
-
Requires relocated headquarters to pay above-average wages, ranging from 110% to 150% of county or state average hourly wage depending on the county tier
-
Phases down the tax credit offset over 10 years: 100% offset for years 1-5, then decreasing 20% annually until reaching 0% in year 10
-
Prohibits unused credits from carrying forward to subsequent years and prohibits sale or transfer of the credits
-
Effective for tax years beginning on or after January 1, 2026
Legislative Description
To Amend The Consolidated Incentive Act Of 2003; To Create An Income Tax Credit For Relocating Corporate Headquarters To This State; And To Encourage Corporations To Relocate To Arkansas.
Last Action
Notification that HB1922 is now Act 881
4/17/2025