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2024-04-01-R
CITY-OF-BATESVILLE
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2024-04-01-R
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Tax Back <br /> RESOLUTION No. <br /> RESOLUTION OF THE CITY COUNCIL OF BATESVILLE CERTIFYING LOCAL GOVERNMENT <br /> ENDORSEMENT OF BADBOY INC TO PARTICIPATE IN THE TAX BACK PROGRAM(AS <br /> AUTHORIZED BY SECTION 15-4-2706(d)OF THE CONSOLIDATED INCENTIVE ACT OF 1003). <br /> WHEREAS, in order to be considered for participation in the Tax Back Program,the local <br /> government must endorse a business to participate in the Tax Back Program; and <br /> WHEREAS,the local government must authorize the refund of local sales and use taxes as <br /> provided in the Consolidated Incentive Act of 2003; and <br /> WHEREAS, said endorsement must be made on specific form available from the Arkansas <br /> Economic Development Commission; and <br /> WHEREAS, Badboy Inc. located at 102 Industrial Drive, Batesville, Arkansas has sought to <br /> participate in the program and more specifically has requested benefits accruing from <br /> construction of the specific facility; and <br /> WHEREAS, Badboy Inc. has agreed to furnish the local government all necessary <br /> information for compliance. <br /> NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF BATESVILLE,ARKANSAS, THAT: <br /> 1. Badboy Inc. be endorsed by the City Council of Batesville, Arkansas for benefits from the <br /> sales & use tax refunds as provided by Section 15-4-2706(d) of the Consolidated <br /> Incentive Act of 2003. <br /> 2. The Department of Finance and Administration is authorized to refund local sales <br /> and use taxes to Badboy Inc. <br /> 3. This resolution shall take effect immediately. <br /> Title of h d of governi y <br /> Date Passed: <br /> Attest: <br /> C-�L4A.- <br /> Clerk <br />
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