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003.19.3-IX. Application to Receive Program Incentive

AR ADC 003.19.3-IXArkansas Administrative CodeEffective: May 2, 2022

West's Arkansas Administrative Code
Title 003. Department of Commerce
Division 19. Economic Development Commission
Rule 3. Digital Product and Motion Picture Industry Development Act (Act 816 of 2009, as Amended) Rules
Effective: May 2, 2022
Ark. Admin. Code 003.19.3-IX
Formerly cited as AR ADC 003.19.3-X
003.19.3-IX. Application to Receive Program Incentive
Currentness
Upon completion of filming or production, or both, in Arkansas, the production company shall file an application for the tax incentive allowed under A.C.A.ยง 15-4-2001 et seq. The application shall include a proof of performance expenditure list that provides the total amount of expenditures that were made in the state in connection with the filming or production, or both, of a film and digital product that complies with this part. The production company shall provide documentation for expenditures in accordance with these rules promulgated by the Commission.
(A) The Revenue Division of DF&A shall upon receipt of an application for a tax incentive, including a proof of performance expenditure report from the Commission:
(i) Calculate the total expenditures of the relevant production company for which there are documented receipts for funds expended in the state;
(ii) Calculate the incentive benefit to which the applicant is entitled subject to any conditions of the approved financial incentive agreement; and
(iii) Within one hundred twenty (120) days of the date the Final Expenditure Report was submitted to the Commission, the Revenue Division of DF&A will certify to the Secretary of DF&A the amount of tax incentive due to the production company.

Credits

Adopted June 29, 2020. Amended May 2, 2022.
Current with amendments received through February 15, 2024. Some sections may be more current, see credit for details.
Ark. Admin. Code 003.19.3-IX, AR ADC 003.19.3-IX
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