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15-4-2005. Production rebate.
Arkansas Code — all titles (historical 2020) · legal_authorities
15-4-2005. Production rebate.
(a)(1) The Director of the Arkansas Economic Development Commission may offer to a production company that has submitted an application under § 15-4-2007 a rebate of up to twenty percent (20%) on all qualified production costs in connection with the production of a state-certified film project.
(2) If the director approves a project for a rebate under this section, an additional rebate of ten percent (10%) shall be granted for the payroll of below-the-line employees who are full-time residents of Arkansas.
(b) To qualify for this rebate, a production company shall spend at least two hundred thousand dollars ($200,000) within a six-month period in connection with the production of one (1) project.
(c) A production rebate shall not be processed until the production company has met in full all obligations to each Arkansas institution and vendor owed for products or services in the state.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 15-4-2005
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Record provenance
Stable record: arkansas_code:legal_authorities:15-4-2005
Source file: gov.ar.code.title.15.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 31339f2d00d9efc0475cf8c8ea45a3381f79a2edc2a5d94cb084615641e7026f
Source location: content.xml paragraph 3931
Stored source content
15-4-2005. Production rebate.
(a)(1) The Director of the Arkansas Economic Development Commission may offer to a production company that has submitted an application under § 15-4-2007 a rebate of up to twenty percent (20%) on all qualified production costs in connection with the production of a state-certified film project.
(2) If the director approves a project for a rebate under this section, an additional rebate of ten percent (10%) shall be granted for the payroll of below-the-line employees who are full-time residents of Arkansas.
(b) To qualify for this rebate, a production company shall spend at least two hundred thousand dollars ($200,000) within a six-month period in connection with the production of one (1) project.
(c) A production rebate shall not be processed until the production company has met in full all obligations to each Arkansas institution and vendor owed for products or services in the state.
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Arkansas Code — all titles (historical 2020) · legal_authorities
15-4-2007. Application for rebate.
(a)(1) To apply for the rebates provided under this subchapter, a production company shall submit an application and provide an estimate of total expenditures to be made in Arkansas in connection with the production.
(2) The application and estimate of expenditures required under subdivision (a)(1) of this section shall be filed with the Arkansas Economic Development Commission and approved by the Director of the Arkansas Economic Development Commission as eligible for the rebate provided by this subchapter before the commencement of production in Arkansas.
(b)(1) If an application for a rebate is approved under subsection (a) of this section, the production company and the director shall sign a financial incentive agreement.
(2)(A) The financial incentive agreement shall define the incentives to be received and the start and end date of the project.
(B) The financial incentive agreement shall include the:
(i) Effective date of the financial incentive agreement;
(ii) Term of the financial incentive agreement, which shall be calculated from the date the agreement is signed by the production company and the director;
(iii) Incentive for which the production company may qualify;
(iv) Investment threshold requirements necessary to qualify for eligibility;
(v) Production company's responsibilities for certifying eligibility requirements; and
(vi) Production company's responsibilities for failure to meet or maintain eligibility requirements.
(c) At the time the production company registers and provides the estimate of expenditures to the commission, the production company also shall designate a member or representative to work with the commission and the Film Office on the reporting of expenditures and other informati
Source: Arkansas Code — historical release 78 (November 6, 2020) · 15-4-2007
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. The source passage cites 15-4-2007. This identifies an authority to review, not proof of applicability.