Loading chat...

AR HB1316

Bill

Official Source

Status

Introduced

1/27/2021

Primary Sponsor

Lanny Fite

Click for details

Origin

House of Representatives

93rd General Assembly (2021 Regular)

AI Summary

  • Reduces the tax on soft drink syrup from $1.26 per gallon to 94.5¢ per gallon effective January 1, 2023, and further to 47.3¢ per gallon effective January 1, 2024
  • Reduces the tax on bottled soft drinks from 20.6¢ per gallon to 15.5¢ per gallon effective January 1, 2023, and further to 7.7¢ per gallon effective January 1, 2024
  • Reduces the tax on powder or other base products used to produce soft drinks using the same rate schedule as bottled soft drinks (20.6¢, then 15.5¢, then 7.7¢ per gallon of final product)
  • Establishes January 1, 2025 as the sunset date for the entire Arkansas Soft Drink Tax Act, causing the tax to expire completely on that date

Legislative Description

To Phase Out The Soft Drink Tax; To Reduce The Soft Drink Tax; And To Provide For The Expiration Of The Arkansas Soft Drink Tax Act.

Last Action

WITHDRAWN BY AUTHOR

2/24/2021

Committee Referrals

Revenue and Taxation1/27/2021

Full Bill Text

No bill text available