An Act to keep Arkansas competitive by promoting funding for economic development projects; to authorize the levy of local sales and use taxes to fund economic development projects; and for other purposes.

“[ ] FOR adoption of a . . . percent (. . . %) local sales and use tax within . . . . . . . . . . . . . (name of local entity) for economic development projects not to exceed $ . . . (maximum amount of revenue to be generated) to be terminated on the first day of the calendar quarter following the expiration of ninety (90) days after . . . . . . . . . . . . (name of local entity) certifies it has received $ . . . (maximum amount of revenue to be generated).”

“[ ] AGAINST adoption of a . . . percent (. . . %) local sales and use tax within . . . . . . . . . . . . (name of local entity) for economic development projects not to exceed $ . . . (maximum amount of revenue to be generated) to be terminated on the first day of the calendar quarter following the expiration of ninety (90) days after . . . . . . . . . . . . (name of local entity) certifies it has received $ . . . (maximum
amount of revenue to be generated).”