Statutes > Arkansas Statutes > Title 26 - Taxation > Subtitle 5 - State Taxes > Chapter 52 - Gross Receipts Tax > Subchapter 7 - Economic Investment Tax Credit Act > § 26-52-704 - Credit granted.

§ 26-52-704 - Credit granted.

26-52-704. Credit granted.

There is granted a credit against the state sales and use tax liability of an eligible business of seven percent (7%) of the amount of the total project cost of any project, subject to the limit set out in 26-52-705.