§ 26-4-203 - Definitions.
26-4-203. Definitions.
As used in this subchapter, unless the context otherwise requires:
(1) "Revenue Division" means the Revenue Division of the Arkansas Department of Finance and Administration;
(2) "Motion picture production company" means a company engaged in the business of producing motion pictures intended for a theatrical release or for television viewing;
(3) "Motion Picture Office" means the division of the Arkansas Economic Development Commission charged with the responsibility of promoting and assisting the motion picture industry in Arkansas;
(4) "Resident" means natural person and includes for the purpose of determining eligibility for the tax incentive provided by this subchapter any person domiciled in the State of Arkansas and any other person who maintains a permanent place of abode within the state and spends in the aggregate more than six (6) months of the taxable year within the state;
(5) "Financial institution" means any bank or savings and loan in the state which carries Federal Deposit Insurance Corporation (FDIC) or Federal Savings and Loan Insurance Corporation (FSLIC) insurance.