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003.19.3-VII. Weekly Expenditure Reports

AR ADC 003.19.3-VIIArkansas 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-VII
Formerly cited as AR ADC 003.19.3-VIII;  AR ADC 168.00.19-VIII
003.19.3-VII. Weekly Expenditure Reports
Currentness
(A)(i) Within two (2) weeks after principal photography begins, the production company shall begin filing weekly expenditure reports.
(ii) Failure to file weekly expenditure reports may result in a delay in the disbursement of the tax incentive provided in §§ 15-4-2005 and 15-4-2006.
(B) The weekly expenditure report shall be filed in accordance with but shall not be limited to the following:
(i) Direct cash payments by the production company to Arkansas vendors, businesses, or citizens hired as cast or crew that are accompanied by receipts shall be allowed if the sum of that cash payments does not exceed forty percent (40%) of the total verifiable expenditures;
(ii) Per diem expenditures by cast or crew, or both, for lodging, when accompanied by receipts, signed by the production company and cast or crew member, evidencing payment of the per diem, shall be allowed as eligible expenditures; and
(iii) Expenditure reports shall include without limitation:
(a) Check identification number;
(b) Date of payment
(c) Name of payee;
(d) Address of payee;
(e) Amount paid; and
(f) Other information the division deems necessary to ensure compliance with this subsection.

Credits

Adopted Aug. 21, 2009. Amended June 29, 2020; 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-VII, AR ADC 003.19.3-VII
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