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AR SB725

Bill

Official Source

Status

Failed

4/22/2015

Primary Sponsor

Jake Files

Click for details

Origin

Senate

90th General Assembly (2015 Regular)

AI Summary

  • Amends Arkansas Code § 26-57-904(a)(1) to change the tax rate on soft drink syrup and simple syrup from $2.00 per gallon to 21 cents (21¢) per gallon of soft drink that may be produced following the manufacturer's directions
  • The new tax calculation applies when a package or container of soft drink syrup or simple syrup is sold or offered for sale in Arkansas for the purpose of producing a liquid soft drink
  • Effective on the first day of the calendar month following the enactment of the bill

Legislative Description

To Amend The Arkansas Soft Drink Tax Act; And To Amend The Calculation Of Taxes On Soft Drink Syrup And Simple Syrup.

Last Action

Sine Die adjournment

4/22/2015

Committee Referrals

Revenue & Taxation3/2/2015

Full Bill Text

No bill text available