- (a) The business or businesses must submit an application with the Division of Child Care and Early Childhood Education to be certified as having an appropriate early childhood program.
(b)
- (1) The business or businesses must submit an application with all supporting documentation to the Arkansas Economic Development Commission.
(2)
- (A) The commission reviews the application and verifies the eligibility of the business or businesses for benefits from this incentive.
- (B) When approved, the commission will furnish verification of eligibility to the applicant for use in filing for tax benefits.
- (3) The commission will also forward certification and supporting documents of eligible businesses to the Department of Finance and Administration.
(c)
- (1) The Revenue Division of the Department of Finance and Administration shall authorize a refund of sales and use taxes imposed by the state on the purchases of construction materials and furnishings used in the initial construction and equipping of the childcare facility.
- (2) The department shall also authorize tax credit benefits to eligible businesses.