(a)
(1) The Director of the Arkansas Economic Development Commission may offer to a qualifying production company that has submitted an application under § 15-4-2007 a rebate of up to twenty percent (20%) on all qualified production costs in connection with the postproduction of a state-certified film project.
(2) If the director approves a project for a rebate under this section, an additional rebate of ten percent (10%) shall be granted for the payroll of below-the-line employees who are full-time residents of Arkansas.
(b) To qualify for this rebate, a production company must spend at least fifty thousand dollars ($50,000) within a six-month period in connection with the production of one (1) project.
(c) A postproduction rebate shall not be processed until the production company has met in full all obligations to each Arkansas institution and vendor owed for products or services in the state.
Structure Arkansas Code
Title 15 - Natural Resources and Economic Development
Subtitle 1 - Development Of Economic And Natural Resources Generally
Chapter 4 - Development Of Business And Industry Generally
Subchapter 20 - Digital Product and Motion Picture Industry Development Act of 2009
§ 15-4-2002. Legislative intent
§ 15-4-2004. Requirement for registration
§ 15-4-2005. Production rebate
§ 15-4-2006. Postproduction rebate
§ 15-4-2007. Application for rebate