(a) The following types of expenses directly related to the tourism attraction project may be included in the total approved costs that are eligible for sales tax credits:
- (1) Land, outright purchase or leasehold interest with ten-year minimum term if the leasehold is located outside of a Natural State Initiative Opportunity Zone;
- (2) Buildings at the tourism attraction site;
- (3) Land surveys and architectural/engineering fees;
- (4) Cost of contract bonds and insurance;
- (5) Installation of utilities paid by the approved company, including off-site extensions that are project specific;
- (6) Equipping of the tourist attraction; and
- (7) Other costs comparable to those described above can be approved on a case-by-case basis.
- (b) Certain approved costs defined as “preconstruction costs” will be eligible for sales tax credits regardless of the date the costs were incurred.