You are here

Coal Mining Tax Credit (Arkansas)

Eligibility 
Commercial
Industrial
Investor-Owned Utility
Program Info
State 
Arkansas
Program Type 
Corporate Tax Incentive
Provider 
Department of Finance and Administration

The Coal Mining Tax Credit provides an income or insurance premium tax credit of $2.00 per ton of coal mined, produced or extracted on each ton of coal mined in Arkansas in a tax year. An additional credit of $3.00 per ton will be allowed for each ton of coal mined in Arkansas in excess of 50,000 tons in a tax year. The credit can only be earned if the coal is sold to an electric generation plant for less than $40 per ton excluding freight charges. Any unused credits may be carried forward for the next 5 succeeding tax years or until exhausted, whichever occurs first.