Arkansas Enterprise Zone Act

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 Department 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.