Arkansas Code Title 15, Subtitle 1, Chapter 4, Subchapter 19 - Arkansas Economic Development Act of 1995

• § 15-4-1901 - Title.
  This subchapter may be referred to and cited as the "Arkansas Economic Development Act of 1995".
• § 15-4-1902 - Definitions.
  As used in this subchapter: (1) (A) "Average hourly wage" means the average wage of the net new full-time permanent employees based on payroll...
• § 15-4-1903 - Powers and Duties of the Arkansas Economic Development Commission.
  The Arkansas Economic Development Commission shall administer the provisions of this subchapter and shall have the following powers and duties in addition to those...
• § 15-4-1904 - Qualifications.
  To qualify for the benefits of this subchapter, the business must: (1) Be an eligible business as defined in § 15-4-1902; (2) Hire at...
• § 15-4-1905 - Financial Incentive Plan.
  The financial incentive plan shall: (1) Specify the tax incentives the business is to receive, including the maximum amount of income tax credit the...
• § 15-4-1906 - Refund of Sales and Use Tax -- Income Tax Credit.
  (a) (1) The Revenue Division of the Department of Finance and Administration shall authorize a refund of sales and use taxes imposed by the...
• § 15-4-1907 - Verification.
  (a) The Department of Finance and Administration shall have the authority to obtain whatever information necessary from the participating businesses and from the Department...
• § 15-4-1908 - Effect of Participation.
  Receiving benefits for a project pursuant to this subchapter will preclude a business from receiving benefits under any other tax incentive program for that...

Last modified: November 15, 2016