Arkansas Code Title 15, Subtitle 1, Chapter 11, Subchapter 5 - Arkansas Tourism Development Act

• § 15-11-501 - Title.
  This subchapter shall be referred to and may be cited as the "Arkansas Tourism Development Act".
• § 15-11-502 - Legislative Intent.
  The General Assembly finds and declares that the general welfare and material well-being of the citizens of the State of Arkansas depend, in large...
• § 15-11-503 - Definitions.
  As used in this subchapter: (1) "Agreement" means an agreement entered into pursuant to § 15-11-506 by and between the Director of the Arkansas...
• § 15-11-504 - Evaluation Standards -- Tourism Attraction Project Applications.
  (a) The Director of the Arkansas Economic Development Commission shall establish standards for the making of applications for inducements to eligible companies and their...
• § 15-11-505 - Standards for Preliminary and Final Approval of Companies and Projects.
  (a) The Director of the Arkansas Economic Development Commission shall establish standards for final approval of eligible companies and their projects by the promulgation...
• § 15-11-506 - Contracts.
  (a) Upon granting final approval, the Director of the Arkansas Economic Development Commission may enter into an agreement with an approved company with respect...
• § 15-11-507 - Tourism Attraction Project Sales Tax Credit.
  (a) Upon receiving notification from the Director of the Arkansas Economic Development Commission that an approved company has entered into a tourism project agreement...
• § 15-11-508 - Liberal Construction.
  This subchapter shall be construed liberally to effectuate the legislative intent, and the purpose of this subchapter is complete and independent authority for the...
• § 15-11-509 - Tourism Attraction Project Income Tax Credit.
  (a) Tourism attraction projects meeting the eligibility requirements under § 15-11-503(13)(A) are entitled to receive an income tax credit based upon a percentage of...
• § 15-11-510 - Special Rules for Certain Lodging Facilities.
  (a) A lodging facility may qualify as a tourism attraction project, as defined in § 15-11-503, entitled to the benefits of this subchapter even...
• § 15-11-511 - Special Rules -- Qualified Amusement Parks.
  (a) As used in this section, "qualified amusement park" means a commercial recreational activity that: (1) Operates at least three (3) consecutive months during...

Last modified: November 15, 2016