Arkansas (Jan, 2016)
The Arkansas Economic Development Commission (AEDC) has revised its rules for administering the Replacement and Repair of Manufacturing Machinery and Equipment Sales and Use Tax Refund Program to incorporate changes made by Act 1107 (S.B. 332), Laws 2015, authorizing limited direct pay sales tax permits, and to make technical corrections.
Under the program, a partial tax refund is allowed on machinery and equipment purchased to modify, replace, or repair existing machinery or equipment used directly in manufacturing at a plant or facility in Arkansas (§26-52-447 and §26-53-149). Under one option, a refund of 1% is allowed for taxpayers who hold a direct pay or limited direct pay tax permit. Under a second option, an increased refund of 5.875% is available to eligible taxpayers who undertake and expend at least $3 million on an approved major maintenance and improvement project.
Rules on Manufacturing Machinery and Equipment Tax Refund Program, Arkansas Economic Development Commission, amended effective October 5, 2015
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