HB 1190 Summary

• Amends Arkansas Code § 26-52-453 to extend existing water tax exemptions for poultry farms to also include swine farms used for commercial production of swine.

• Exempts gross receipts and compensating use taxes on water sold exclusively for operation of poultry farms or swine farms, while water sold for other purposes remains subject to full taxation.

• Requires water subject to the exemption to be separately metered from water used for other purposes, though the Department of Finance and Administration may establish alternate metering requirements through administrative rules.

• Allows the Secretary of the Department of Finance and Administration to require water utilities to obtain certificates from taxpayers certifying eligibility for the exemption before allowing the tax exemption.

• Becomes effective on the first day of the second calendar month following the act's enactment date.