(b)

1. (1) The legislation’s purpose is to stimulate expansion of Arkansas’s tourism and recreational industries by offering economic incentives to qualified private development projects in the form of sales and income tax credits.

2. (2)

   1. (A) Since the intent, in part, is to generate additional tourist traffic to Arkansas, each proposed project must:

(i) Develop a marketing plan that targets twenty-five percent (25%) of its visitors from out of state;

1. (ii) Meet other requirements; and

   1. (iii) Submit a completed application prior to incurring any project costs.

   2. (B) See the Arkansas Tourism Development Act, Arkansas Code § 15-11-501 et seq.

      1. (c) For more information, please contact: Arkansas Economic Development Commission Incentives Manager 1 Commerce Way, Suite 601 Little Rock, AR 72202 (501) 682-1112