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AR HB1491
Bill
Status
4/17/2025
Primary Sponsor
Jeff Wardlaw
Click for details
AI Summary
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Creates an excise tax credit for beer and sake containing at least 20% Arkansas rice by percentage weight of the total grain bill
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Credit amount is calculated by multiplying the percentage weight of Arkansas rice in the grain bill by the excise tax due for the qualified beer and sake
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Credit is deducted from the excise tax due for the reporting period under § 3-7-401
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Requires the Alcoholic Beverage Control Division to provide a method for reporting and claiming the credit
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Approved April 17, 2025
Legislative Description
Concerning The Excise Tax On Certain Beer And Sake; To Create An Excise Tax Credit For Certain Beer And Sake Produced Using Arkansas Rice; And For Other Purposes.
Last Action
Notification that HB1491 is now Act 874
4/17/2025