Votes at a glance: committee advances a string of tax and revenue measures
April 14, 2021 | REVENUE & TAX - SENATE, Senate, Committees, Legislative, Arkansas
This article was created by AI summarizing key points discussed. AI makes mistakes, so for full details and context, please refer to the video of the full meeting. Please report any errors so we can fix them. Report an error »
The Senate Revenue & Tax Committee approved multiple bills by voice vote during the hearing. Key outcomes:
• SB 26 — Add coal as an exemption to direct manufacturing costs; sponsor James Stearch estimated a fiscal impact of about $800,000. Committee moved and passed the bill by voice vote.
• SB 181 — Briefly presented and passed by voice vote.
• HB 1457 — Presented with a stated fiscal impact near $137,000; committee voted to pass.
• HB 1374 — Increases the number of charitable-organization fundraising events permitted per year from three to ten; committee voted to pass.
• HB 1743 — Amends the state's film incentive to allow productions to choose a rebate or transferable tax credit, caps incentive issuance at $4,000,000 per year, and adds additional bonuses for in-state hires and veteran-owned businesses; committee passed the bill.
• SB 566 — Amendment adopted and the bill as amended was moved and passed.
All passage items in this hearing were decided by voice vote and were recorded in the committee transcript. The hearing adjourned after the committee lost a quorum before finishing remaining items.
• SB 26 — Add coal as an exemption to direct manufacturing costs; sponsor James Stearch estimated a fiscal impact of about $800,000. Committee moved and passed the bill by voice vote.
• SB 181 — Briefly presented and passed by voice vote.
• HB 1457 — Presented with a stated fiscal impact near $137,000; committee voted to pass.
• HB 1374 — Increases the number of charitable-organization fundraising events permitted per year from three to ten; committee voted to pass.
• HB 1743 — Amends the state's film incentive to allow productions to choose a rebate or transferable tax credit, caps incentive issuance at $4,000,000 per year, and adds additional bonuses for in-state hires and veteran-owned businesses; committee passed the bill.
• SB 566 — Amendment adopted and the bill as amended was moved and passed.
All passage items in this hearing were decided by voice vote and were recorded in the committee transcript. The hearing adjourned after the committee lost a quorum before finishing remaining items.
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