Arkansas Code Title 14, Subtitle 10, Chapter 174 - Economic Development Tax
- § 14-174-101 - Purpose.
The purpose of this subchapter is to provide cities and counties with the authority to levy taxes to raise revenue for funding economic development...
- § 14-174-102 - Definitions.
As used in this subchapter, unless the context otherwise requires: (1) "County" means each of the counties of this state; (2) "Municipality" and "city"...
- § 14-174-103 - Levy of New Taxes Permitted.
(a) (1) In addition to all other authority of local governments to levy taxes provided by law, any county, acting through its quorum court,...
- § 14-174-104 - Levy of Sales and Use Taxes Currently Authorized.
(a) The local government may levy a sales or use tax pursuant to any other currently existing statutory authority to levy the tax and...
- § 14-174-105 - Disposition of Funds.
The taxes levied pursuant to this subchapter may be utilized for construction, reconstruction, demolition, site development, contracts, and related costs associated with the creation,...
- § 14-174-106 - Public Facilities.
To secure, develop, preserve, and maintain the local economy, local governments are authorized to own, acquire, construct, reconstruct, extend, equip, improve, operate, maintain, sell,...
- § 14-174-107 - Services.
To secure professional economic and industrial development management expertise, local governments are authorized to contract for such services with a community-based not-for-profit economic development...
- § 14-174-108 - Joint Agreements.
Any two (2) or more local governments within a single county, or any two (2) or more adjacent counties, may enter into agreements to...
- § 14-174-109 - Public Corporation for Economic Development.
(a) The sales and use taxes levied or authorized under this subchapter may be used for the sole use and benefit of a corporation...
Last modified: November 15, 2016