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Committee approves tax-credit package to recruit corporate headquarters relocations
Summary
House Bill 1922 would create sales-tax and income-tax credits to attract corporate headquarters to Arkansas, with tiered job and wage thresholds and a required cost-benefit analysis; the Senate committee voted to pass the bill.
The Senate Revenue & Tax Committee voted to advance House Bill 1922, which would create a package of tax incentives to recruit corporate headquarters to relocate to Arkansas. Sen. Jonathan Dismang, District 18, presented the bill and brought a representative from the Arkansas Economic Development Commission (AEDC) to explain details.
Clint O’Neil of AEDC described the proposal as a rare tool aimed at luring a corporate headquarters relocation. Under the bill, a company relocating its corporate…
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