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AR SB269
Bill
Status
Failed
4/27/2011
Primary Sponsor
Jake Files
Click for details
AI Summary
- Exempts fuel and energy from state sales and use tax 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, agricultural waste, and animal agricultural waste
- Exempts fuel and energy required to prevent or reduce air or water pollution from manufacturing or processing plants in the state
- When fuel and energy is delivered through a single meter for both exempt and taxable purposes, the exemption or tax applies based on predominant use during a regular monthly billing period
- Becomes effective July 1, 2011 under emergency clause citing Arkansas's higher taxes on manufacturing fuel and energy compared to competing states and job losses in the manufacturing sector
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
Senate Sine Die adjournment
4/27/2011
Committee Referrals
Revenue & Taxation2/8/2011
Full Bill Text
No bill text available