AR SB530

Reduces the income tax credit for wood energy products equipment purchases from 30% to 20% of costs

Increases minimum investment threshold for qualified projects from $50 million to $1 billion

Raises minimum job creation requirement from 100 to 400 net new full-time permanent employees with average annual wages of at least $60,000

Extends the closing date deadline for project certification from December 31, 2023 to June 30, 2028

Effective for tax years beginning on or after January 1, 2026