IMPLEMENTATION LEVEL

Subnational

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 07 Apr 2017 | Removal date: open ended
Still in force

FDI: Financial incentive

On April 7, 2017 the governor of Arkansas signed into law a bill (SB688, now Act 1046) that provides for incentives for steel projects in the state. It makes available to a "qualified expansion project" up to $11,000,000 of tax credits in possession or control of the public retirement system each year.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

393 Metal wastes or scraps
7204 Ferrous waste and scrap; remelting scrap ingots of iron or steel.
720410 Waste and scrap of cast iron
720421 Of stainless steel
720429 Other
720430 Waste and scrap of tinned iron or steel
720441 Turnings, shavings, chips, milling waste, sawdust, filings, trimmings and stampings, whether or not in bundles
720449 Other
411 Basic iron & steel
7201 Pig iron and spiegeleisen in pigs, blocks or other primary forms.
720110 Nonalloy pig iron containing by weight 0.5 % or less of phosphorus
7203 Ferrous products obtained by direct reduction of iron ore and other spongy ferrous products, in lumps, pellets or similar forms; iron having a minimum purity by weight of 99.94 %, in lumps, pellets or similar forms.
720310 Ferrous products obtained by direct reduction of iron ore
720390 Other

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