§ 26-4-202 - Purpose.
26-4-202. Purpose.
It is found and determined that:
(1) Arkansas' natural beauty and diverse topography provides a variety of excellent settings from which the motion picture industry might choose a location for filming a motion picture or television program;
(2) Several successful motion pictures have been filmed in Arkansas, due to the unique qualities of the state in terms of natural settings, availability of labor, materials, climate, and hospitality of its people;
(3) The motion picture industry brings with it a much-needed infusion of capital into areas of the state which may be economically depressed;
(4) The multiplier effect of the infusion of capital resulting from the filming of a motion picture or television program serves to stimulate economic activity beyond that immediately apparent on the film set;
(5) Due to the distance of Arkansas from the film industry center on the West Coast and due to this period of economic depression, it is necessary to provide financial incentives to the film industry in order that Arkansas might compete with other states for filming locations; and
(6) Since a significant portion of the cost of a motion picture production will not be eligible for a tax incentive due to the fact that portions of the production are carried out in another state, this subchapter may also serve as an inducement for the motion picture industry to locate operations within the State of Arkansas in order to take advantage of the tax incentive afforded by this subchapter.