HomeMy WebLinkAbout2024-04-01-R Tax Back
RESOLUTION No.
RESOLUTION OF THE CITY COUNCIL OF BATESVILLE CERTIFYING LOCAL GOVERNMENT
ENDORSEMENT OF BADBOY INC TO PARTICIPATE IN THE TAX BACK PROGRAM(AS
AUTHORIZED BY SECTION 15-4-2706(d)OF THE CONSOLIDATED INCENTIVE ACT OF 1003).
WHEREAS, in order to be considered for participation in the Tax Back Program,the local
government must endorse a business to participate in the Tax Back Program; and
WHEREAS,the local government must authorize the refund of local sales and use taxes as
provided in the Consolidated Incentive Act of 2003; and
WHEREAS, said endorsement must be made on specific form available from the Arkansas
Economic Development Commission; and
WHEREAS, Badboy Inc. located at 102 Industrial Drive, Batesville, Arkansas has sought to
participate in the program and more specifically has requested benefits accruing from
construction of the specific facility; and
WHEREAS, Badboy Inc. has agreed to furnish the local government all necessary
information for compliance.
NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF BATESVILLE,ARKANSAS, THAT:
1. Badboy Inc. be endorsed by the City Council of Batesville, Arkansas for benefits from the
sales & use tax refunds as provided by Section 15-4-2706(d) of the Consolidated
Incentive Act of 2003.
2. The Department of Finance and Administration is authorized to refund local sales
and use taxes to Badboy Inc.
3. This resolution shall take effect immediately.
Title of h d of governi y
Date Passed:
Attest:
C-�L4A.-
Clerk