§ 15-4-2402 - Certification required.
15-4-2402. Certification required.
To claim the benefits of this subchapter, a taxpayer must obtain a certification prior to December 31, 2006, from the Director of the Arkansas Economic Development Commission certifying to the Revenue Division of the Department of Finance and Administration that the taxpayer:
(1) Is a qualified manufacturer of steel;
(2) Operates a steel mill in Arkansas which began production after January 1, 2001; and
(3) Has invested after January 1, 2001, and prior to December 31, 2006, more than two hundred million dollars ($200,000,000) in a steel mill, and the investment expenditure is for one (1) or more of the following:
(A) Property purchased for use in the construction of a building or buildings or any addition or improvement thereon to house the steel mill;
(B) (i) Machinery and equipment to be located in or in connection with the steel mill.
(ii) Motor vehicles of a type subject to registration shall not be considered as machinery and equipment; and
(C) Project planning costs or construction labor costs, including:
(i) On-site direct labor and supervision, whether employed by a contractor or the project owner;
(ii) Architectural fees or engineering fees, or both;
(iii) Right-of-way purchases;
(iv) Utility extensions;
(v) Site preparation;
(vi) Parking lots;
(vii) Disposal or containment systems;
(viii) Water and sewer treatment systems;
(ix) Rail spurs;
(x) Streets and roads;
(xi) Purchase of mineral rights;
(xii) Land;
(xiii) Buildings;
(xiv) Building renovation;
(xv) Production, processing, and testing equipment;
(xvi) Drainage systems;
(xvii) Water tanks and reservoirs;
(xviii) Storage facilities;
(xix) Equipment rental;
(xx) Contractor's cost-plus fees;
(xxi) Builders' risk insurance;
(xxii) Original spare parts;
(xxiii) Job administrative expenses;
(xxiv) Office furnishings and equipment;
(xxv) Rolling stock; and
(xxvi) Capitalized start-up costs related to the construction.