A. “Capital improvements” means capital improvements for public roads.

B. “Contribution” means a contribution in aid of construction of a public road project made by a taxpayer to the Public Roads Incentive Fund.

C. “Contribution in aid of construction” is a direct contribution of cash made by a taxpayer for public road improvements.

D. “County” means any county in the State of Arkansas.

E. “Commission” means the Arkansas Economic Development Commission.

F. “Director” is the director of the Arkansas Economic Development Commission.

G. “Fund” means the Public Roads Incentive Fund.

H. “Governing Authority” means the quorum court of a county, the governing body of a municipality, and the Arkansas State Highway Commission.

I. “Municipality” means any city or incorporated town in the State of Arkansas.

J. “Project” means all, any combination or any part of the capital improvements for public roads, which are authorized by a governing authority and approved by the director.

K. “Public roads” means roads maintained by a governing authority.

L. “Taxpayer” includes any individual, fiduciary, or corporation subject to Arkansas State Income Tax.