§ 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 […]
§ 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 though the lodging costs represent one hundred percent (100%) of the total tourism attraction project costs, provided the approved costs for the lodging facility exceed five million dollars ($5,000,000), and: (1) […]
§ 15-11-405. Grants generally
(a) All grants under the provisions of this subchapter shall be on a matching basis with the applying regional tourist promotion agency furnishing one-third (1/3) of the funds and the state grant being two (2) times the amount of the funds supplied by the applying regional tourist promotion agency. (b) Upon approval of each application […]
§ 15-11-207. Cooperation with news media representatives
(a) The Secretary of the Department of Parks, Heritage, and Tourism and his or her staff shall cooperate with representatives of newspapers, magazines, and radio and television stations but shall not otherwise be identified with any of these enterprises. (b) (1) All information or publicity originated or developed by the secretary and his or her […]
§ 15-11-406. Grants from Department of Parks, Heritage, and Tourism
(a) Upon approval of the State Parks, Recreation, and Travel Commission, the Department of Parks, Heritage, and Tourism is authorized to make grants from funds specifically appropriated for such purposes to regional tourist promotion agencies, to assist such regional tourist promotion agencies in the financing of promotional and advertising programs, and to encourage and stimulate […]