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AR HB1397
Bill
Status
Failed
4/27/2011
Primary Sponsor
Keith Ingram
Click for details
AI Summary
- Exempts fuel and energy from state sales and use taxes when used directly in manufacturing, processing, fabricating, assembling, finishing, or packaging of articles of commerce
- Defines "fuel and energy" to include natural gas, electricity, fuel oil, steam, coal, lignite, wood chips, wood byproducts, nuclear fuel, liquefied petroleum gas, petroleum coke, and agricultural waste
- Exempts fuel and energy required to prevent or reduce air or water pollution from manufacturing or processing operations in the state
- Allows fuel and energy delivered through a single meter serving both exempt and taxable purposes to be classified based on predominant use, with the director authorized to establish rules for determining predominant use
- Declares an emergency and makes the act effective July 1, 2011, citing Arkansas's loss of manufacturing jobs and higher tax burden on fuel and energy compared to competing states
Legislative Description
To Promote Economic Development Within The State By Exempting From The State Sales And Use Tax Fuel And Energy Used Or Consumed In Manufacturing And To Declare An Emergency.
Last Action
House Died in House Committee at Sine Die adjournment.
4/27/2011
Committee Referrals
Revenue and Taxation2/14/2011
Full Bill Text
No bill text available