Difference between revisions of "Arkansas Enterprise Zone Act"
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'''Arkansas Enterprise Zone Act (Advantage Arkansas)''' is a law that creates investment incentives for Arkansas communities that are experiencing elevated levels of poverty and unemployment. | '''Arkansas Enterprise Zone Act (Advantage Arkansas)''' is a law that creates investment incentives for Arkansas communities that are experiencing elevated levels of poverty and unemployment. | ||
| − | The [[Clinton Foundation]] applied for tax breaks under the Arkansas Enterprise Zone Act in 2002, but found its application for $2-3 million in incentives initially denied by the [[Arkansas Deparment of Economic Development]] (ADED) because the [[Clinton Library]] was a nonprofit entity. The money requested involved reimbursements for | + | The [[Clinton Foundation]] applied for tax breaks under the Arkansas Enterprise Zone Act in 2002, but found its application for $2-3 million in incentives initially denied by the [[Arkansas Deparment of Economic Development]] (ADED) because the [[Clinton Library]] was a nonprofit entity. The money requested involved tax reimbursements for Library construction material. Pulaski County Circuit Judge [[Willard Proctor Jr.]] reversed the decision of the ADED in 2004. |
==References= | ==References= | ||
Revision as of 22:17, 18 December 2007
Arkansas Enterprise Zone Act (Advantage Arkansas) is a law that creates investment incentives for Arkansas communities that are experiencing elevated levels of poverty and unemployment.
The Clinton Foundation applied for tax breaks under the Arkansas Enterprise Zone Act in 2002, but found its application for $2-3 million in incentives initially denied by the Arkansas Deparment of Economic Development (ADED) because the Clinton Library was a nonprofit entity. The money requested involved tax reimbursements for Library construction material. Pulaski County Circuit Judge Willard Proctor Jr. reversed the decision of the ADED in 2004.
=References
Rob Moritz, "Clinton Library's Economic Benefits Exceed Tax Break, Rutherford Says," Arkansas News Bureau, Oct 7, 2005.
