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AR SB459

Bill

Official Source

Status

Failed

5/1/2023

Primary Sponsor

Jonathan Dismang

Click for details

Origin

Senate

94th General Assembly (2023 Regular)

AI Summary

  • Amends Arkansas Code § 15-4-2012(b)(1) concerning tax credits under the Digital Product and Motion Picture Industry Development Act of 2009

  • Maintains current cap of $4,000,000 in tax credits that may be approved by the Arkansas Economic Development Commission in any one fiscal year

  • Beginning fiscal year 2024, increases the maximum amount of tax credits that may be approved to $12,000,000 in any one fiscal year

Legislative Description

To Increase The Maximum Amount Of Tax Credits That May Be Approved In A Fiscal Year Under The Digital Product And Motion Picture Industry Development Act Of 2009.

Last Action

Sine Die adjournment

5/1/2023

Committee Referrals

Revenue & Taxation3/23/2023

Full Bill Text

No bill text available