Arkansas § 14-175-112 - Economic development taxes.
Full text of Arkansas Arkansas Code of 1987 Annotated § 14-175-112 — Economic development taxes., with citation guidance and answers to common questions.
§ 14-175-112. Economic development taxes.
All tax proceeds received by a corporation under § 14-174-101 et seq. shall be used for any one (1) or more of the following purposes: To pay administrative costs incurred by the corporation; To pay costs incurred in connection with a project; To pay costs incurred for promotional purposes; or To pay expenses incurred by the corporation under § 14-175-113 relating to job training. Tax proceeds received by a corporation under § 14-174-101 et seq. shall not be used for a project for the direct benefit of a specific individual or individuals or nongovernmental enterprise or enterprises unless the primary purpose of the project is to finance an economic development project or provide an economic development service within or near the local government that levies the tax, as provided under § 14-174-105.
Source: official Arkansas text · Last verified 2026-08-27
Frequently Asked Questions About Arkansas § 14-175-112
What does Arkansas Code of 1987 Annotated § 14-175-112 cover?
Section 14-175-112 ("Economic development taxes.") is part of the Arkansas Code of 1987 Annotated, the codified statutory law of Arkansas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Arkansas § 14-175-112?
A common citation format is "Arkansas Code of 1987 Annotated § 14-175-112" (Arkansas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Arkansas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arkansas official source linked on this page or consult a licensed Arkansas attorney.
How does Arkansas § 14-175-112 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arkansas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Arkansas.