Arkansas Code Title 15, Subtitle 1, Chapter 4, Subchapter 31 - Nonprofit Incentive Act of 2005

• § 15-4-3101 - Title.
  This subchapter shall be known and may be cited as the "Nonprofit Incentive Act of 2005".
• § 15-4-3102 - Legislative Intent.
  The General Assembly finds that: (1) Nonprofit organizations can make a significant contribution to the local economy of Arkansas communities; (2) In many instances,...
• § 15-4-3103 - Definitions.
  As used in this subchapter: (1) "Average hourly wage" means the weekly earnings, excluding overtime, bonuses, and company-paid benefits, of all new full-time permanent...
• § 15-4-3104 - Eligibility.
  (a) A nonprofit organization that has a payroll of new full-time permanent employees in excess of five hundred thousand dollars ($500,000) annually may apply...
• § 15-4-3105 - Sales and Use Tax Refund.
  (a) (1) An application for a sales and use tax refund under this subchapter shall be filed with the Arkansas Economic Development Commission and...
• § 15-4-3106 - Economic Development Incentive Fund -- Payroll Rebate.
  (a) There is established on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State...
• § 15-4-3107 - Administration.
  (a) (1) All claims for sales and use tax refunds under § 15-4-3105 shall be filed annually with the Revenue Division of the Department...

Last modified: November 15, 2016