15 CAR § 145-108 – Production costs certification

(a)
1. (1) Within one hundred eighty (180) days after the last production costs are incurred, the production company shall:
  1. (A) Apply to the Arkansas Economic Development Commission for a production rebate certificate or a tax credit certificate; and
  2. (B) Provide a final expenditure report that includes the amount of the company’s production expenses or costs.
2. (2) Expenditure reports also shall include information as required by the Revenue Division of the Department of Finance and Administration to ensure compliance with the Digital Product and Motion Picture Industry Development Act of 2009, Arkansas Code § 15-4-2001 et seq.
(b) The commission will forward the final expenditure report with supporting documents with its recommendation for a tax incentive to the division.
(c) Upon receipt of the final expenditure report and supporting documents from the commission, the division will review the commission’s recommendation and verify the amount of the tax incentive recommended.