As used in this subchapter:
(1) “Bonds” means revenue bonds or general obligation bonds;
(2) “Eligible facility” means any facility owned by any state agency or political subdivision and any facility financed through the issuance of bonds by any state agency or political subdivision at which at least one hundred (100) people are employed and which is acquired or completed or substantially reconstructed or expanded after December 31, 1992;
(3) “Political subdivision” means cities of the first class or cities of the second class and counties and any governmental entity created by them; and
(4) “State income tax” means the Arkansas state income tax.