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AR SB383
Bill
Status
Passed
4/7/2025
Primary Sponsor
Steve Crowell
Click for details
AI Summary
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Repeals Arkansas Code § 15-5-1408, eliminating the annual report requirement for designated investor groups under the Venture Capital Investment Act of 2001
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Removes the mandate that designated investor groups publish an annual report within 6 months after the close of their fiscal year
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Eliminates reporting requirements that included annual audits, written presentations to the Governor and legislative committees, documentation of investment plan progress, and listing of tax credit use, redemption, or transfers
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Approved on April 3, 2025
Legislative Description
To Repeal The Annual Report Required Under The Venture Capital Investment Act Of 2001.
Last Action
Notification that SB383 is now Act 467
4/7/2025
Committee Referrals
Revenue and Taxation3/13/2025
Revenue & Taxation3/5/2025
Agriculture, Forestry and Economic Development3/5/2025
Full Bill Text
No bill text available