§ 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 measure, upon the development of tourism attractions in the state, and that it is in the best interests of the state to induce the creation of new or the expansion of […]
§ 15-11-704. The Wildlife Observation Trails Pilot Program
(a) There is continued a program to be known as the “Wildlife Observation Trails Pilot Program”. (b) The program shall be developed, implemented, and administered by the Department of Parks, Heritage, and Tourism with the assistance of the Arkansas State Game and Fish Commission. (c) The purpose of the program is to: (1) Increase public […]
§ 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 Economic Development Commission and an approved company with respect to a tourism attraction project; (2) “Approved company” means any eligible company that is seeking to undertake a tourism attraction project and […]
§ 15-11-705. Wildlife Observation Trails — Development
(a) To accept a wildlife observation trail into the Wildlife Observation Trails Pilot Program and be eligible to receive grant moneys under this subchapter, the Department of Parks, Heritage, and Tourism shall require that the wildlife observation trail: (1) Meet the criteria established by the department after consultation with the Wildlife Observation Trails Pilot Program […]
§ 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 tourism attraction projects by the promulgation of administrative rules in accordance with the Arkansas Administrative Procedure Act, § 25-15-201 et seq. (b) With respect to each eligible company making an application […]
§ 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 tourism attraction projects by the promulgation of administrative rules in accordance with the Arkansas Administrative Procedure Act, § 25-15-201 et seq. (b) The director shall obtain the review and advice of the Secretary of the […]
§ 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 to its tourism attraction project. (b) The terms and provisions of each agreement shall include, but shall not be limited to: (1) The amount of approved costs, which shall be determined […]
§ 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 attraction project agreement and is entitled to the sales tax credits provided by this subchapter, the Secretary of the Department of Finance and Administration shall provide the approved company with such forms and […]
§ 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 performance of each and every act and thing authorized by this subchapter, and all powers granted by this subchapter shall be broadly interpreted to effectuate such intent and purposes and not […]
§ 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 the payroll of the new full-time permanent employees working at the tourism attraction project. (b) Upon notification from the Director of the Arkansas Economic Development Commission that an approved company has […]