2007 Legislative Agenda
© 2006 Southeast Arkansas Cornerstone Coalition
Business Development
- Conversion provision to allow income tax credits to be
used to offset sales tax liability
- 100% sales tax exemption for energy purchases by
manufacturing sector
- Establishment of an Income Tax Credit Bank
- Extend authority for Act 9 Industrial Revenue Bond
financing to retail, health care, office and
hospitality/tourism projects, provided they reach
minimum levels of $5 million capital investment or $2
million annual payroll creation.
- Rebate for manufacturers of biofuels; credit for
bioenergy production
- Big box retailers automotive department sales tax
earmarked for highways rather than general revenue
after average threshold has been reached
Southeast Arkansas Cornerstone Coalition, Inc.
Building a strong economic foundation for Southeast Arkansas
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University of Arkansas at Monticello
Harris Hall, Room 331
P.O. Box 3084
Monticello, Arkansas 71656
(870) 460-1224
smithj@uamont.edu
Jo Anne Smith — Executive Director
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