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26-51-2405. Eligibility certificate.
Arkansas Code — all titles (historical 2020) · legal_authorities
26-51-2405. Eligibility certificate.
(a) After a property to be rehabilitated or developed is designated a qualified project under § 26-51-2404 and the taxpayer completes the rehabilitation or development work, the taxpayer shall submit to the governing body of the central business improvement district where the eligible central business improvement district property is located all documentation and forms required by the governing body of the municipality and the governing body of the central business improvement district to verify that the qualified project has been completed.
(b) If the governing body of the central business improvement district determines that the qualified project has been successfully completed, the governing body of the central business improvement district shall issue an eligibility certificate.
(c)(1) If the taxpayer is dissatisfied with the determination made by the governing body of the central business improvement district under subsection (b) of this section, the taxpayer may request that a review of that determination be made by the governing body of the municipality.
(2)(A) The request for review shall be made in writing to the governing body of the municipality within thirty (30) days from the date of the determination of the governing body of the central business improvement district under subsection (b) of this section.
(B) The decision of the governing body of the municipality is a final decision.
(d) Upon issuance of an eligibility certificate, the governing body of the central business improvement district immediately shall report in writing to the Department of Finance and Administration:
(1) The name and address of the taxpayer;
(2) The taxpayer identification number;
(3) The date of issuance of the eligibility ce
Source: Arkansas Code — historical release 78 (November 6, 2020) · 26-51-2405
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:26-51-2405
Source file: gov.ar.code.title.26.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 987b015920caa6e8fbbced026f64cf584634d604af27314f92964f1ee076396c
Source location: content.xml paragraph 16983
Stored source content
26-51-2405. Eligibility certificate.
(a) After a property to be rehabilitated or developed is designated a qualified project under § 26-51-2404 and the taxpayer completes the rehabilitation or development work, the taxpayer shall submit to the governing body of the central business improvement district where the eligible central business improvement district property is located all documentation and forms required by the governing body of the municipality and the governing body of the central business improvement district to verify that the qualified project has been completed.
(b) If the governing body of the central business improvement district determines that the qualified project has been successfully completed, the governing body of the central business improvement district shall issue an eligibility certificate.
(c)(1) If the taxpayer is dissatisfied with the determination made by the governing body of the central business improvement district under subsection (b) of this section, the taxpayer may request that a review of that determination be made by the governing body of the municipality.
(2)(A) The request for review shall be made in writing to the governing body of the municipality within thirty (30) days from the date of the determination of the governing body of the central business improvement district under subsection (b) of this section.
(B) The decision of the governing body of the municipality is a final decision.
(d) Upon issuance of an eligibility certificate, the governing body of the central business improvement district immediately shall report in writing to the Department of Finance and Administration:
(1) The name and address of the taxpayer;
(2) The taxpayer identification number;
(3) The date of issuance of the eligibility certificate;
(4) The amount of the eligibility certificate; and
(5) Any other information as determined necessary by the department.
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Arkansas Code — all titles (historical 2020) · legal_authorities
26-51-2404. Qualified project.
(a) To apply for a designation as a qualified project, a taxpayer shall submit to the governing body of the central business improvement district where the property to be rehabilitated or developed is located all forms and fees required by the governing body of the central business improvement district.
(b) To qualify as eligible central business improvement district property, the taxpayer shall demonstrate that the property to be rehabilitated or developed meets the following requirements:
(1) The project must be planned within the physical boundaries of the central business improvement district;
(2) A full set of plans by a licensed architect must be submitted to the governing body of the central business improvement district where the property to be rehabilitated or developed is located;
(3) The project must meet all zoning and building codes of the municipality in which the property to be rehabilitated or developed is located;
(4) The project must meet the design guidelines, be compatible with the overall plan for the central business improvement district, and have a use that the governing body of the central business improvement district determines as maintaining the overall integrity of the central business improvement district;
(5) The qualified rehabilitation or development expenditures for the project must have occurred on or after the effective date of this subchapter; and
(6) The qualified rehabilitation or development expenditures for the project must be greater than thirty thousand dollars ($30,000).
(c) After evaluating the information provided by the taxpayer, the governing body of the central business improvement district shall issue a determination about whether the property to be rehabilitated or develop
Source: Arkansas Code — historical release 78 (November 6, 2020) · 26-51-2404
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 26-51-2404. This identifies an authority to review, not proof of applicability.