Loading chat...
AR SB161
Bill
Status
Failed
5/1/2017
Primary Sponsor
David Wallace
Click for details
AI Summary
- Repeals Arkansas Code Title 15, Chapter 4, Subchapter 23 (Arkansas Public Roads Improvements Credit Act) in its entirety
- Repeals Arkansas Code § 19-5-1097 (Public Roads Incentive Fund) in its entirety
- Eliminates the tax credit program that allowed taxpayers to claim credits up to 33% of contributions to public roads projects, with annual limits of 50% of net state income tax liability and three-year carryforward provisions
- Eliminates the Public Roads Incentive Fund established under the Arkansas Economic Development Council that collected taxpayer contributions for approved public roads improvement projects
- Eliminates the Arkansas Economic Development Commission's role in administering the program and approving capital improvement projects for public roads
Legislative Description
To Repeal The Arkansas Public Roads Improvements Credit Act; And To Repeal The Public Roads Incentive Fund.
Last Action
Sine Die adjournment
5/1/2017
Committee Referrals
Agriculture, Forestry and Economic Development1/23/2017
Full Bill Text
No bill text available