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AR HB1636
Bill
Status
3/3/2025
Primary Sponsor
David Ray
Click for details
AI Summary
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Department of Finance and Administration must certify soft drink sales tax revenue within 90 days of each fiscal year end
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Soft drink syrup tax phases down from $1.26/gallon to $0 in five steps, triggered when sales tax collections reach thresholds of $16M, $25M, $34M, $43M, and $52M respectively
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Bottled soft drink tax phases down from 20.6¢/gallon to 16¢, 12¢, 8¢, 4¢, and finally 0¢ using the same revenue triggers
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Powder/base product tax follows identical phase-out schedule as bottled soft drinks (20.6¢ to 0¢)
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Arkansas Soft Drink Tax Act (§ 26-57-901 et seq.) will be fully repealed and removed from Arkansas Code once all tax rates reach zero
Legislative Description
To Amend The Arkansas Soft Drink Tax Act, As Affirmed By Referred Act 1 Of 1994; And To Phase Out The Soft Drink Tax Based On Sales Tax Collections From Sales Of Soft Drinks.
Last Action
Recommended for study in the Interim by the Committee on REVENUE & TAXATION- HOUSE
4/9/2025