Arkansas Enterprise Zone Application


_______________________________________________________________
                         Application                   OFFICE USE ONLY
                                                                                 
                            											SIC
Arkansas Enterprise Zone Program of 1993               _____________
                                                       PROJECT #
_______________________________________________________________

Applicant
________________________________________________________________________
	Name of Enterprise Zone Business


________________________________________________________________________
	Principal Mailing Address                  City/State/Zip


________________________________________________________________________
	Physical Location (for auditing purposes)       City/State/Zip


________________________________________________________________________
	Name and Title of Local Company Contact         Phone


________________________________________________________________________
	If company is filing for tax credit under a different name, please
	give complete name

Taxpayer
Consultant
________________________________________________________________________
	Name of Individual or Company/Firm


________________________________________________________________________
	Mailing Address                       City/State/Zip


________________________________________________________________________
	Name of Contact Person        Phone (Please list 800 number if
								  available)
________________________________________________________________________


Project Cost       
	This application MUST include a project plan if 	      Date Received	
	applying for sales and use tax credit.

	
Estimates   
            Land. . . . . . . . . . . . . .  $__________
            Buildings . . . . . . . . . . . 	$__________
            Equipment . . . . . . . . . . .	$__________
            *Other. . . . . . . . . . . . . 	$__________
                  				 TOTAL   	$__________

            *Please attach description of other eligible costs.
_______________________________________________________________
Employers Federal I.D. Number                         --

Arkansas State or Consumer Use Tax Number                           --
--
_______________________________________________________________
Present employment _______  Projected number of net new employee (s)* after
completion _______
Note:  To qualify for the sales and use tax and income tax credits, business MUST
hire the requisite number of new permanent employees within a 24 month period.
*The definition of a net new employee is provided in the Enterprise Zone
Regulations.
________________________________________________________________________________
____
Description of principal business activity, products manufactured, etc.

________________________________________________________________________________
____
________________________________________________________________________________
____
________________________________________________________________________________
____
________________________________________________________________________________
____
________________________________________________________________________________
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Application for Arkansas Enterprise Zone Program of 1993
Page 2 of 2
______________________________________________________________________
______________

Information for Income Tax Exemption:
            Ownership of your business:  (please check all appropriate
boxes)

          Individual               Fiduciary           Partnership

          Taxable Corporation      Small Business Corporation

                                       Percent           Social
Security Number
          Owner's Name(s)          Ownership or Corporate Tax I.D.
Number

          ______________________________________________________
          ______________________________________________________
          ______________________________________________________
          ______________________________________________________
          ______________________________________________________

          When does your tax year end?
                                   Month          Day       Year
______________________________________________________________________
______________

CERTIFICATION

          BEFORE ME, the undersigned authority, personally came and
appeared_________________
                                                       Name of Company
Official

          who being first duly sworn did depose and say that he/she is
_____________________ of
                                                  Title


______________________________________________________________________
__
                          Name of Enterprise Zone Business

          This affidavit is made for the specific purpose of verifying
that he/she has examined the

          information contained in these two pages.

          Sworn to and subscribed before me this _______ day of
__________________, 19 ____.




          ___________________________________
                  Notary


          My Commission Expires __________________               Seal




          By ___________________________________
            Signature of Company Official






Exhibit A.  Sample Resolution


                          RESOLUTION No. 1234

RESOLUTION OF THE (governing body of municipality of county in whose
jurisdiction of the facility is located) OF (name of city or county)
CERTIFYING LOCAL GOVERNMENT ENDORSEMENT OF BUSINESS TO PARTICIPATE IN
THE ARKANSAS ENTERPRISE ZONE PROGRAM OF 1993.

WHEREAS, the local government must endorse a business or enterprise to
participate in the Arkansas Enterprise Zone Program and benefit from
the refunds/tax credits as provided in the Arkansas Enterprise Zone
Program Regulations of 1993; and

WHEREAS, said endorsement must be made on specific form available from
AIDC; and

WHEREAS, (name of company) located at (physical location of business)
has sought to participate in the program and more specifically has
requested benefits accruing from (expansion/construction) of the
specific facility; and

WHEREAS, (name of company) has agreed to furnish the local government
all necessary information for compliance.

NOW THEREFORE BE IT RESOLVED BY THE (governing body of municipality or
county) OF (name of city or county), ARKANSAS, THAT:

1.   (name of company) be endorsed by the (city/county) of (name of
city or county) for       benefits from the refunds/tax credits as
provided in the Arkansas Enterprise Zone     Program Regulations of
1993, through June 30, 1999.

2.   the Department of Finance and Administration be authorized to
refund local sales and use taxes to (name of company)
(OPTIONAL).

3.  this resolution shall take effect immediately.


                                   _______________________________
                                        (title of head of governing
body)

Date passed:              ____________
Attest:     ____________
               Clerk









Exhibit B.  Instructions for Preparing a Project Plan


                             PROJECT PLAN


If applying for sales and use tax credit, the application for the
Arkansas Enterprise Zone Program of 1993 must be accompanied by a
brief project plan with information needed to determine the purpose of
the project.

The project plan should include, but is not limited to, the following
items;

1.   Project Description

     A narrative describing the purpose and description of the project
	such as;

          a.      construction of a new plant or facility; or
          b.      expansion of an established plant or facility by
			   adding to the building or production equipment or
			   support infrastructure; or
          c.      replacement of production or processing equipment or
			   support infrastructure.

2.   Cost Breakdown:

     Provide cost estimates for each general category of items such
as; processing    machinery, packaging machinery, computers, boilers,
structures, storage facilities,    conveyors, etc.  These need not be
item-by-item lists; they can be grouped into      related categories
as long as they can be identified for auditing purposes.

If you have any questions about the Enterprise Zone Program and the
approval process, call Jennifer Young at (501) 682-7310.  If you have
questions on the year-end filing and tax credits and refunds, please
call Mrs. Ramona Taylor with the Tax Credit Section, Department of
Finance and Administration in Little Rock at (501) 682-6986.