Ark. Code Ann. § 15-4-2009: Penalties

(a) A production company that intends to apply for a tax incentive under this subchapter and does not register as required by § 15-4-2004 may be enjoined from engaging in production activities in the state by any court of competent jurisdiction until the production company has registered.

(b) A production company that intends to apply for a tax incentive under this subchapter and fails to comply with this subchapter may be denied future participation in tax incentives under this subchapter and is subject to penalty in accordance with applicable state or federal law.