§ 26-4-204 - Penalties. - Arkansas Statutes

26-4-204. Penalties.

(a) Any motion picture production company failing to comply with 26-4-205 may be enjoined from engaging in the business of producing motion pictures in the State of Arkansas by any court of competent jurisdiction until the requirements of that section are met.

(b) Any person, business, or motion picture production company exploiting or attempting to exploit the tax incentive afforded by this subchapter shall be subject to penalty in accordance with applicable state or federal law.

(c) Any motion picture production company attempting to abuse the intent of this subchapter shall be denied any tax incentive to which it would otherwise be entitled and shall be prohibited from applying for any future tax incentive afforded by this subchapter.