Loading chat...

AR HB1366

Bill

Official Source

Status

Failed

5/1/2023

Primary Sponsor

Trey Steimel

Click for details

Origin

House of Representatives

94th General Assembly (2023 Regular)

AI Summary

  • Establishes an income tax credit equal to 20% of real property taxes paid on poultry structures owned by the taxpayer during the tax year.

  • Defines "poultry structure" as a facility for commercial poultry production, including broiler or turkey grow-out houses, laying houses, hatching units, nursery units, and breeding houses.

  • Allows excess tax credits exceeding the taxpayer's income tax liability to be refunded to the taxpayer.

  • Effective for tax years beginning on or after January 1, 2023.

Legislative Description

To Create An Income Tax Credit For Property Tax Paid On Certain Poultry Structures; And To Offset The Property Tax Burden On Poultry Farmers.

Last Action

Died in House Committee at Sine Die Adjournment

5/1/2023

Committee Referrals

Revenue and Taxation2/7/2023

Full Bill Text

No bill text available