Arkansas has established a graduated corporate tax rate, which follows as such: the first $3,000 are taxed 1%, the next $3,000 are taxed 2%, the following $5,000 is taxed 3%, the next $14,000 is taxed 5%, the following $75,000 is taxed 6%, and anything above $100,000 is taxed 6.5%. There are only two free trade zones, located in Memphis and Little Rock. However, there are 51 incentive programs.