HomeMy WebLinkAbout2003-08-01-R Tax Back
RESOLUTION No. 1-K
RESOLUTION OF THE CITY COUNCIL OF BATESVILLE CERTIFYING LOCAL
GOVERNMENT ENDORSEMENT OF BUSINESS TO PARTICIPATE IN THE TAX BACK
PROGRAM(AS AUTHORIZED BYSECTION 15-4-2706(d) OF THE CONSOLIDATED
INCENTIVE ACT OF 2003).
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 benefit from the
sales and use tax refunds as provided in the Consolidated Incentive Act of 2003; and
WHEREAS, said endorsement must be made on specific form available from the Arkansas
Department of Economic Development; and
WHEREAS, Pioneer Custom Molding, Inc. located at 45 Shirrell 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, Pioneer Custom Molding, Inc. has agreed to furnish the local government all
necessary information for compliance.
NOW THEREFORE BE IT RESOL VED BY THE CITY COUNCIL OF BATESVILLE,
ARKANSAS, THAT:
1. Pioneer Custom Molding, Inc. be endorsed by the City Council of Batesville 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 Ois; 54 not
authorized to refund local sales and use taxes to Pioneer Custom
Molding, Inc.
3. This resolution shall take effect immediately.
Title of head o governing body
Date Passed: ��la'a��
Attest: ,,,,,. Clerk
Tax
Tax Back Resolution Page 1 of'I