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15-4-2008. Disbursement of rebate incentive.
Arkansas Code — all titles (historical 2020) · legal_authorities
15-4-2008. Disbursement of rebate incentive.
(a) The Revenue Division of the Department of Finance and Administration shall upon receipt of an application for a rebate, including a proof of performance expenditure report from the Film Office:
(1) Calculate the total expenditures of the relevant production company for which there are documented receipts for funds expended in the state;
(2) Calculate the incentive benefit to which the applicant is entitled, subject to any conditions of the approved financial incentive agreement; and
(3) Provide certification to the Secretary of the Department of Finance and Administration specifying the amount to be remitted to the production company within one hundred twenty (120) days after the final expenditure report has been submitted.
(b) The secretary, within ten (10) working days after the receipt of the certification from the division, shall remit the rebate to:
(1) The production company; or
(2) At the option of the production company, the full amount or a specified amount noted by the production company to the:
(A) National Film Preservation Foundation;
(B) Motion Picture Retirement Fund; or
(C) Digital Product and Motion Picture Office Fund.
(c)(1) The amount of the rebate is limited to the amount specified in the approved financial incentive agreement.
(2) The rebate shall be awarded on a first-come, first-served basis.
(3) Rebates to be awarded from the Digital Product and Motion Picture Office Fund may be payable from any source of funds allocated for the rebates.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 15-4-2008
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:15-4-2008
Source file: gov.ar.code.title.15.odt
Pages: Not recorded – Not recorded
Passage SHA-256: b5a8291864ae705cce40f509143b5eeb61c6f3b3c4904eba9b2e9f98c5ea0029
Source location: content.xml paragraph 4012
Stored source content
15-4-2008. Disbursement of rebate incentive.
(a) The Revenue Division of the Department of Finance and Administration shall upon receipt of an application for a rebate, including a proof of performance expenditure report from the Film Office:
(1) Calculate the total expenditures of the relevant production company for which there are documented receipts for funds expended in the state;
(2) Calculate the incentive benefit to which the applicant is entitled, subject to any conditions of the approved financial incentive agreement; and
(3) Provide certification to the Secretary of the Department of Finance and Administration specifying the amount to be remitted to the production company within one hundred twenty (120) days after the final expenditure report has been submitted.
(b) The secretary, within ten (10) working days after the receipt of the certification from the division, shall remit the rebate to:
(1) The production company; or
(2) At the option of the production company, the full amount or a specified amount noted by the production company to the:
(A) National Film Preservation Foundation;
(B) Motion Picture Retirement Fund; or
(C) Digital Product and Motion Picture Office Fund.
(c)(1) The amount of the rebate is limited to the amount specified in the approved financial incentive agreement.
(2) The rebate shall be awarded on a first-come, first-served basis.
(3) Rebates to be awarded from the Digital Product and Motion Picture Office Fund may be payable from any source of funds allocated for the rebates.
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