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AR HB1628
Bill
Status
10/15/2021
Primary Sponsor
Ashley Hudson
Click for details
AI Summary
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Adds new section 26-52-453 to Arkansas Code defining "qualifying solar equipment" as equipment that captures, stores, and converts solar energy to electricity with a maximum output of 20 megawatts alternating current
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Qualifies equipment purchased by business entities, municipalities, counties, school districts, state agencies, public universities, and persons/corporations operating public utility or water service facilities
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Includes solar modules, inverters, wiring, racking and tracking equipment, batteries, and other component parts as qualifying solar equipment
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Exempts gross receipts and proceeds from the sale of qualifying solar equipment from Arkansas gross receipts tax and compensating use tax
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Effective on the first day of the second calendar month following the act's enactment date
Legislative Description
To Amend The Tax Treatment Of Certain Manufacturing Equipment For Solar Energy Production; To Define “qualifying Solar Equipment”; And To Exempt The Sale Of Qualifying Solar Equipment From Sales And Use Tax.
Last Action
Died in House Committee at Sine Die Adjournment
10/15/2021