Legislation Details

File #: RES-26:123    Version: 1 Name: CERTIFYING LOCAL GOVERNMENT ENDORSEMENT OF SANY NUTRITION GROUP LLC TO PARTICIPATE IN THE TAX BACK PROGRAM (AS AUTHORIZED BY SECTION 15- 4-2706(d) OF THE CONSOLIDATED INCENTIVE ACT OF 2003).
Type: Resolution Status: To Be Introduced
File created: 9/2/2026 In control: Finance & Administration Council Committee
On agenda: Final action:
Title: RESOLUTION OF THE CITY COUNCIL OF THE CITY OF JONESBORO, ARKANSAS CERTIFYING LOCAL GOVERNMENT ENDORSEMENT OF SANY NUTRITION GROUP LLC TO PARTICIPATE IN THE TAX BACK PROGRAM (AS AUTHORIZED BY SECTION 15- 4-2706(d) OF THE CONSOLIDATED INCENTIVE ACT OF 2003).
Sponsors: Finance
Indexes: Tax Back Program
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RESOLUTION OF THE CITY COUNCIL OF THE CITY OF JONESBORO, ARKANSAS CERTIFYING LOCAL GOVERNMENT ENDORSEMENT OF SANY NUTRITION GROUP LLC TO PARTICIPATE IN THE TAX BACK PROGRAM (AS AUTHORIZED BY SECTION 15- 4-2706(d) OF THE CONSOLIDATED INCENTIVE ACT OF 2003).

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WHEREAS, in order to be considered for participation in the Tax Back Program, the local government must endorse a business to participate in the Tax Back Program; and

WHEREAS, the local government must authorize the refund of local sales and use taxes as provided in the Consolidated Incentive Act of 2003; and

WHEREAS, said endorsement must be made on specific form available from the Arkansas Economic Development Commission; and

WHEREAS, SANY NUTRITION GROUP LLC located at 9401 E Highland Drive, Jonesboro, AR 72401 has sought to participate in the program and more specifically has requested benefits accruing from construction of the specific facility; and

WHEREAS SANY NUTRITION GROUP LLC, has agreed to furnish the local government all necessary information for compliance.

NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF JONESBORO, ARKANSAS, THAT:

1.  SANY NUTRITION GROUP LLC be endorsed by the City Council of the City of Jonesboro, Arkansas for benefits from the sales & use tax refunds as provided by Section 15-4-2706(d) of the Consolidated Incentive Act of 2003.

2.  The Department of Finance and Administration is authorized to refund local sales and use taxes to SANY NUTRITION GROUP LLC.

3.  This resolution shall take effect immediately.