AR HB1718

Creates the Arkansas Entertainment District Act to designate areas in counties with populations under 100,000 as entertainment districts that develop performing arts venues and related attractions.

Qualifying businesses in entertainment districts that make at least $10,000,000 capital investments and derive income from entertainment items are eligible for income tax exemptions, 25% income tax credits on construction costs, and sales/use tax exemptions on construction materials.

Tax incentives are available for 15 years from the district's creation and may be combined with other available incentives.

Cities and counties apply to the Arkansas Economic Development Commission to designate entertainment districts by submitting development plans that address economic conditions, community cooperation, infrastructure improvements, and job training opportunities.

Prohibits taking alcoholic beverages from permitted facilities and consuming them outside those facilities within entertainment districts; prevents issuance of Class B Private Club Licenses in districts.