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AR HB1476
Bill
Status
Failed
5/1/2023
Primary Sponsor
Aaron Pilkington
Click for details
AI Summary
- Creates a sales and use tax exemption for electricity sold to qualifying data centers in Arkansas
- Data center must meet three criteria: classified under specific North American Industry Classification System codes (516210, 517111, 518210, 519290, 541512, 541513); make at least $100 million capital investment in the state; and create at least 50 new full-time permanent jobs with wages at 150% of the lesser of county or state average hourly wage
- Excludes cryptocurrency operations from the definition of "data center"
- Requires electricity used for the exemption to be metered separately from other electricity usage, with the Secretary of Finance and Administration authorized to establish alternate metering requirements
- Declares an emergency effective upon Governor approval, veto expiration, or veto override to expedite economic development for time-sensitive data center projects
Legislative Description
To Create A Sales And Use Tax Exemption For Electricity Sold To A Data Center; And To Declare An Emergency.
Last Action
Died in House Committee at Sine Die Adjournment
5/1/2023
Committee Referrals
Revenue and Taxation2/21/2023
Full Bill Text
No bill text available