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AR HB1923
Bill
Status
4/17/2025
Primary Sponsor
John Maddox
Click for details
AI Summary
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Reduces minimum investment thresholds for tourism attraction projects in Natural State Initiative Opportunity Zones: from $250,000 to $50,000 in high-unemployment counties, and from $500,000 to $150,000 in all other counties
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Expands the geographic boundaries for Natural State Initiative Opportunity Zones from one-eighth (⅛) mile to one (1) mile outside state parks, cultural/historic sites, or cultural/educational centers
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Applies to eligible companies constructing, operating, or intending to operate tourism attraction projects under the Arkansas Tourism Development Act
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Approved April 17, 2025 as Act 838 of the Regular Session
Legislative Description
To Amend The Arkansas Tourism Development Act; And To Amend The Law Concerning Natural State Initiative Opportunity Zones.
Last Action
Notification that HB1923 is now Act 838
4/17/2025