§ 15-4-1701. Title
This subchapter may be referred to and cited as the “Arkansas Enterprise Zone Act of 1993”.
§ 15-4-1702. 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 for the most recent quarter reported to the Division of Workforce Services. (B) “Average hourly wage” is computed by using the total of the net new full-time permanent employee’s reported taxable […]
§ 15-4-1703. 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 mentioned in this subchapter and in other laws of this state: (1) To monitor the implementation and operation of this subchapter and to conduct a continuing evaluation of the progress made; […]
§ 15-4-1704. Refund of sales and use tax — 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 state and a municipality or county if the municipality or county authorized the refund of its local tax on the purchases of the material used in the construction of a building […]
§ 15-4-1705. Projects under Manufacturer’s Investment Sales and Use Tax Credit Act of 1985
(a) (1) No person or entity may file for benefits under this subchapter if an application for benefits has been filed and approved under the Economic Investment Tax Credit Act, § 26-52-701 et seq., for the same project. (2) However, an application for benefits under the Economic Investment Tax Credit Act, § 26-52-701 et seq., […]
§ 15-4-1709. Exceptions
(a) A county that does not qualify as a high-unemployment county, as defined in § 15-4-1702, but has experienced a sudden and severe period of economic distress caused by the closing of a business entity that results in the loss of a minimum of five hundred (500) full-time permanent jobs or a minimum of five […]