Revenue & Tax - Senate
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Bills discussed (39)
| Bill | Title | Sponsor | Status |
|---|---|---|---|
|
SB369
Act 778
· 6 mentions in transcript, agenda, chapter
Matched: “…e gonna stay, stay in line with our Senate bills first, uh, Senate Bill 369, Senator”
|
TO REPEAL THE COMPUTER AND ELECTRONIC EQUIPMENT RECYCLING GRANTS; AND TO REPEAL THE COMPUTER AND … | Irvin | Notification that SB369 is now Act 778 |
|
SB500
Act 780
· 6 mentions in transcript, chapter, agenda
Matched: “…e committee. All right, the next Senate bill is going to be SB 500, Senator Petty. And you want to pass out the amendment on i…”
|
TO AMEND THE LAW CONCERNING LEVEE DISTRICTS; AND TO ALLOW A LEVEE DISTRICT CREATED BY … | J. Petty | Notification that SB500 is now Act 780 |
|
SB567
Act 719
· 6 mentions in transcript, agenda, chapter
Matched: “…u, Senator Kroll for sponsoring this legislation that is in Senate Bill 567. What this bill”
|
TO AMEND AND MODERNIZE THE LAW CONCERNING THE APPORTIONMENT OF INCOME DERIVED FROM MULTISTATE OPERATIONS; … | Crowell | Notification that SB567 is now Act 719 |
|
SB573
Act 783
· 4 mentions in transcript, agenda, chapter
Matched: “here, so you will be next. SB 573. Yes sir, that's it. No, OK. Uh, just introduce yourself”
|
TO AMEND THE METHOD OF VALUATION UNDER ARKANSAS CONSTITUTION, ARTICLE 16, § 5, BY DEFINING … | J. Petty | Notification that SB573 is now Act 783 |
|
SB605
· 4 mentions in agenda, chapter, transcript
Matched: “…ELECTRONIC FILING OF A FORM 1099 IN CERTAIN CIRCUMSTANCES. SB605 J. Dismang TO CREATE THE DELTA TETRAHYDROCANNABINOL EXCISE…”
|
TO CREATE THE DELTA TETRAHYDROCANNABINOL EXCISE TAX ACT; AND TO TAX DELTA TETRAHYDROCANNABINOL PRODUCTS. | J. Dismang | Died in House Committee at Sine Die adjournment. |
|
HB1085
Act 802
· 2 mentions in chapter, agenda
Matched: “HB1085 K. Brown TO ADOPT FEDERAL LAW CONCERNING TAX-DEFERRED TUITI…”
|
TO ADOPT FEDERAL LAW CONCERNING TAX-DEFERRED TUITION SAVINGS PROGRAMS; AND TO AMEND THE INCOME TAX … | K. Brown | Notification that HB1085 is now Act 802 |
|
HB1522
Act 620
· 2 mentions in chapter, agenda
Matched: “HB1522 Womack TO AMEND THE LAW TO ALLOW FOR THE DISTRIBUTION OF FU…”
|
TO AMEND THE LAW TO ALLOW FOR THE DISTRIBUTION OF FUNDS IN THE MUNICIPAL AID … | Womack | Notification that HB1522 is now Act 620 |
|
HB1534
· 2 mentions in agenda, chapter
Matched: “…USED IN RELATION TO A PROJECT FOR A YOUTH FARMING PROGRAM. HB1534 Schulz TO INCREASE THE HOMESTEAD PROPERTY TAX CREDIT. SB377…”
|
TO INCREASE THE HOMESTEAD PROPERTY TAX CREDIT. | Schulz | Died in Senate Committee at Sine Die adjournment. |
|
HB1589
Act 676
· 2 mentions in chapter, agenda
Matched: “HB1589 Schulz TO AMEND THE LAW CONCERNING THE FINANCIAL OPERATIONS…”
|
TO AMEND THE LAW CONCERNING THE FINANCIAL OPERATIONS OF A COUNTY; AND TO AMEND THE … | Schulz | Notification that HB1589 is now Act 676 |
|
HB1594
Act 621
· 2 mentions in agenda, chapter
Matched: “…ABLISHED METHODS OF VALUATION FOR PURPOSES OF PROPERTY TAX. HB1594 Vaught TO CREATE A FARMER SALES TAX IDENTIFICATION CARD; AN…”
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TO CREATE A FARMER SALES TAX IDENTIFICATION CARD; AND TO RELIEVE A SELLER OF SALES … | Vaught | Notification that HB1594 is now Act 621 |
|
HB1695
· 2 mentions in chapter, agenda
Matched: “HB1695 J. Richardson TO CLARIFY THE FORECLOSURE PROCESS FOR PROPER…”
|
TO CLARIFY THE FORECLOSURE PROCESS FOR PROPERTY SUBJECT TO A MUNICIPAL LIEN; TO ALLOW A … | J. Richardson | Died in House Committee at Sine Die adjournment. |
|
HB1759
Act 551
· 2 mentions in chapter, agenda
Matched: “HB1759 Milligan TO INCREASE THE AMOUNT OF TIME A TAXPAYER HAS TO A…”
|
TO INCREASE THE AMOUNT OF TIME A TAXPAYER HAS TO ASSESS TANGIBLE PERSONAL PROPERTY ACQUIRED … | Milligan | Notification that HB1759 is now Act 551 |
|
SB131
· 2 mentions in chapter, agenda
Matched: “SB131 J. Bryant TO CONFIRM THE LAW RELATED TO THE ASSESSMENT OF A…”
|
TO CONFIRM THE LAW RELATED TO THE ASSESSMENT OF A HOMESTEAD BELONGING TO A PERSON … | J. Bryant | Died in Senate Committee at Sine Die adjournment. |
|
SB204
· 2 mentions in chapter, agenda
Matched: “SB204 C. Penzo TO EXEMPT FROM GROSS INCOME A GAIN BY A TAXPAYER R…”
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TO EXEMPT FROM GROSS INCOME A GAIN BY A TAXPAYER RESULTING FROM THE ACQUISITION OF … | C. Penzo | Died in Senate Committee at Sine Die adjournment. |
|
SB233
· 2 mentions in agenda, chapter
Matched: “…THE RIGHT OF EMINENT DOMAIN OR THE THREAT OF CONDEMNATION. SB233 C. Penzo TO AMEND THE INCOME TAX LAWS RELATING TO CERTAIN T…”
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TO AMEND THE INCOME TAX LAWS RELATING TO CERTAIN TRUSTS; TO PRESERVE CERTAIN TRUST ASSETS; … | C. Penzo | Died in Senate Committee at Sine Die adjournment. |
|
SB256
· 2 mentions in chapter, agenda
Matched: “SB256 J. Dotson TO AMEND THE ARKANSAS CORPORATE FRANCHISE TAX ACT…”
|
TO AMEND THE ARKANSAS CORPORATE FRANCHISE TAX ACT OF 1979; AND TO REDUCE THE MINIMUM … | J. Dotson | Died in Senate Committee at Sine Die adjournment. |
|
SB268
· 2 mentions in chapter, agenda
Matched: “SB268 D. Wallace TO TRANSFER GENERAL REVENUE TO THE AGING AND ADU…”
|
TO TRANSFER GENERAL REVENUE TO THE AGING AND ADULT SERVICES FUND ACCOUNT TO BE USED … | D. Wallace | Died in Senate Committee at Sine Die adjournment. |
|
SB274
· 2 mentions in chapter, agenda
Matched: “SB274 D. Wallace TO CREATE A SALES AND USE TAX EXEMPTION FOR CERT…”
|
TO CREATE A SALES AND USE TAX EXEMPTION FOR CERTAIN ITEMS RELATED TO HUMAN BURIAL; … | D. Wallace | Died in Senate Committee at Sine Die adjournment. |
|
SB289
· 2 mentions in agenda, chapter
Matched: “…A CASKET, BURIAL VAULT, OR MONUMENT FROM SALES AND USE TAX. SB289 J. Dotson TO CUT THE STATEWIDE SALES TAX RATE BY ONE-EIGHTH…”
|
TO CUT THE STATEWIDE SALES TAX RATE BY ONE-EIGHTH PERCENT TO REDUCE THE SURPLUS FUNDS … | J. Dotson | Died in Senate Committee at Sine Die adjournment. |
|
SB310
· 2 mentions in chapter, agenda
Matched: “SB310 B. King TO ENABLE THE COMMISSIONER OF STATE LANDS TO CONDUC…”
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TO ENABLE THE COMMISSIONER OF STATE LANDS TO CONDUCT CERTAIN BUSINESS ONLINE; AND TO AMEND … | B. King | Died in Senate Committee at Sine Die adjournment. |
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SB316
· 2 mentions in chapter, agenda
Matched: “SB316 B. Johnson TO AMEND THE SALES AND USE TAX LAWS CONCERNING R…”
|
TO AMEND THE SALES AND USE TAX LAWS CONCERNING REBATES; AND TO REQUIRE THAT SALES … | B. Johnson | Died in Senate Committee at Sine Die adjournment. |
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SB318
· 2 mentions in chapter, agenda
Matched: “SB318 F. Love TO CREATE AN INCOME TAX EXEMPTION FOR CERTAIN INDIV…”
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TO CREATE AN INCOME TAX EXEMPTION FOR CERTAIN INDIVIDUALS BASED ON INCOME AND AGE. | F. Love | Died in Senate Committee at Sine Die adjournment. |
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SB338
· 2 mentions in chapter, agenda
Matched: “SB338 Hill TO PROVIDE SALES AND USE TAX EXEMPTIONS FOR STUDENT FA…”
|
TO PROVIDE SALES AND USE TAX EXEMPTIONS FOR STUDENT FARMERS; AND TO PROVIDE SALES AND … | Hill | Died in Senate Committee at Sine Die adjournment. |
|
SB377
· 2 mentions in chapter, agenda
Matched: “SB377 Hester TO CREATE THE GROCERY TAX RELIEF ACT; TO AMEND THE L…”
|
TO CREATE THE GROCERY TAX RELIEF ACT; TO AMEND THE LAW CONCERNING THE SALES AND … | Hester | Died in Senate Committee at Sine Die adjournment. |
|
SB394
· 2 mentions in agenda, chapter
Matched: “…A DISABILITY OR A PERSON SIXTY-FIVE YEARS OF AGE OR OLDER. SB394 J. Bryant TO AMEND THE LAW CONCERNING THE ALLOCATION, DISTR…”
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TO AMEND THE LAW CONCERNING THE ALLOCATION, DISTRIBUTION, AND USE OF REVENUES DERIVED FROM A … | J. Bryant | Died in Senate Committee at Sine Die adjournment. |
|
SB419
· 2 mentions in chapter, agenda
Matched: “SB419 G. Leding TO CREATE A SALES AND USE TAX EXEMPTION FOR CERTA…”
|
TO CREATE A SALES AND USE TAX EXEMPTION FOR CERTAIN SALES TO A CULTIVATION FACILITY. | G. Leding | Sine Die adjournment |
|
SB423
· 2 mentions in agenda, chapter
Matched: “…TAX EXEMPTION FOR CERTAIN SALES TO A CULTIVATION FACILITY. SB423 J. Scott TO EXEMPT FROM THE INDIVIDUAL INCOME TAX EDUCATION…”
|
TO EXEMPT FROM THE INDIVIDUAL INCOME TAX EDUCATION SCHOLARSHIPS, AWARDS, AND GRANTS FROM NONPROFIT VOLUNTEER … | J. Scott | Died in Senate Committee at Sine Die adjournment. |
|
SB465
· 2 mentions in chapter, agenda
Matched: “SB465 B. Davis TO PROVIDE FOR A SALES AND USE TAX REFUND FOR A SP…”
|
TO PROVIDE FOR A SALES AND USE TAX REFUND FOR A SPECULATIVE DEVELOPMENT PROJECT; AND … | B. Davis | Died in Senate Committee at Sine Die adjournment. |
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SB49
· 2 mentions in agenda, chapter
Matched: “…ECLARE AN EMERGENCY. DEFERRED BILLS Number Sponsor Subtitle SB49 J. Boyd TO AMEND THE LAW CONCERNING THE COLLECTION OF SALES…”
|
TO AMEND THE LAW CONCERNING THE COLLECTION OF SALES AND USE TAX ON MOTOR VEHICLES, … | J. Boyd | Sine Die adjournment |
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SB502
· 2 mentions in agenda, chapter
Matched: “…D TO AMEND THE LAW CONCERNING THE SEVERANCE TAX ON LITHIUM. SB502 Crowell TO AMEND THE ARKANSAS INCOME TAX WITHHOLDING ACT OF…”
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TO AMEND THE ARKANSAS INCOME TAX WITHHOLDING ACT OF 1965; AND TO REQUIRE THE ELECTRONIC … | Crowell | Died in Senate Committee at Sine Die adjournment. |
|
SB526
· 2 mentions in agenda, chapter
Matched: “…VE AGREEMENTS UNDER THE CONSOLIDATED INCENTIVE ACT OF 2003. SB526 Irvin TO PROHIBIT THE SALE OF DISPOSABLE VAPOR PRODUCTS FRO…”
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TO PROHIBIT THE SALE OF DISPOSABLE VAPOR PRODUCTS FROM A PROHIBITED FOREIGN PARTY. | Irvin | Died in Senate Committee at Sine Die adjournment. |
|
SB535
Act 781
· 2 mentions in chapter, agenda
Matched: “SB535 Hester TO CREATE A SALES AND USE TAX EXEMPTION FOR THE ARKA…”
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TO CREATE A SALES AND USE TAX EXEMPTION FOR THE ARKANSAS MUSEUM OF FINE ARTS … | Hester | Notification that SB535 is now Act 781 |
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SB558
· 2 mentions in chapter, agenda
Matched: “SB558 Crowell TO REQUIRE THE ELECTRONIC FILING OF CERTAIN CORPORA…”
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TO REQUIRE THE ELECTRONIC FILING OF CERTAIN CORPORATE INCOME TAX RETURNS. | Crowell | Died in Senate Committee at Sine Die adjournment. |
|
SB568
Act 1012
· 2 mentions in agenda, chapter
Matched: “…FINE ARTS AND THE ARKANSAS MUSEUM OF FINE ARTS FOUNDATION. SB568 Crowell TO AMEND THE LAW CONCERNING THE TAXES APPLICABLE TO…”
|
TO AMEND THE LAW CONCERNING THE TAXES APPLICABLE TO LITHIUM EXTRACTION AND DEVELOPMENT; TO PROVIDE … | Crowell | Notification that SB568 is now Act 1012 |
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SB57
· 2 mentions in chapter, agenda
Matched: “SB57 C. Tucker TO AMEND THE INCOME TAX CREDIT FOR CERTAIN INDIVI…”
|
TO AMEND THE INCOME TAX CREDIT FOR CERTAIN INDIVIDUAL POLITICAL CONTRIBUTIONS; AND TO AMEND A … | C. Tucker | Died in Senate Committee at Sine Die adjournment. |
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SB577
Act 720
· 2 mentions in chapter, agenda
Matched: “SB577 J. Petty TO AMEND THE LAW CONCERNING LOCAL SALES AND USE TA…”
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TO AMEND THE LAW CONCERNING LOCAL SALES AND USE TAXES; AND TO REQUIRE THE DEPARTMENT … | J. Petty | Notification that SB577 is now Act 720 |
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SB7
· 2 mentions in chapter, agenda
Matched: “SB7 C. Penzo TO ALLOW MEMBERS OF THE GENERAL ASSEMBLY TO REQUES…”
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TO ALLOW MEMBERS OF THE GENERAL ASSEMBLY TO REQUEST A SALES AND USE TAX REPORT … | C. Penzo | Died in Senate Committee at Sine Die adjournment. |
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SB73
· 2 mentions in agenda, chapter
Matched: “…E ARKANSAS CODE THAT RESULTED FROM INITIATED ACT 1 OF 1996. SB73 B. Johnson TO CREATE THE ACCESS TO CREDIT FOR OUR RURAL ECO…”
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TO CREATE THE ACCESS TO CREDIT FOR OUR RURAL ECONOMY (ACRE) ACT; AND TO PROVIDE … | B. Johnson | Died in Senate Committee at Sine Die adjournment. |
|
SB82
· 2 mentions in agenda, chapter
Matched: “…IDE AN INCOME TAX DEDUCTION FOR CERTAIN AGRICULTURAL LOANS. SB82 J. Payton TO INCREASE THE SALES AND USE TAX EXEMPTION FOR U…”
|
TO INCREASE THE SALES AND USE TAX EXEMPTION FOR USED MOTOR VEHICLES; AND TO AMEND … | J. Payton | Died in Senate Committee at Sine Die adjournment. |
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- October 2, 2026
Senator Jimmy Hickey, Jr
Unverified
0:15
I'm going to do, and we had
Chair (Senator Jimmy Hickey, Jr)
Unverified
0:17
mentioned this this morning, we just did not print the new agenda since we were just uh uh coming back in for a recess, but I want to suspend the rules in place Senate Bill 605 on our active agenda, uh, so we'llen this man wants to, we'll be hearing it today again that we discussed this this morning, uh talked to Mr. Gerry said that there's going to be no negative state general revenue impact, so we'll go forward with that one.
So again, we'll do hear that in a minute. OK, what we're going to do first, we're going to hear the Senate bills for the members that are here and then we have told the House members or they've announced down there that anybody that wants to come run
Senator Jimmy Hickey, Jr
Unverified
0:57
theirs, we'll let them do that afterwards. You're not gonna do yours today, are
Speaker 5
1:03
you this right here but not this one. Uh, yes, that's one. OK, all right, so we'll send Crow,
Senator Jimmy Hickey, Jr
Unverified
1:10
I believe you're going to be first, uh, where we're at.
Speaker 13
1:44
Senator Crow, District 3. Paul Gehring DFA Tommy Burns, DFA. You
Senator Steve Crowell
Unverified
1:53
thank you. This is a Senate bill, uh, 567. This is from that packet of DFNA.
And I am going to simply turn it right on over
Speaker 17
2:07
Chairman. Thank you committee. Thank you, Senator Kroll for sponsoring this legislation that is in Senate Bill 567. What this bill
does is that the state of Arkansas back in the 1960s adopted the multi-state tax compact within other states that are part of the multi-state tax commission. The multi-state tax compact concerns the apportionment of income for multi-state businesses. The of the multi-state compact is to promote uniformity in our in state tax laws from state to state, promote compatibility for taxpayers, increased taxpayer
convenience, avoid double taxation. Um, and also for businesses to have just one set of rules, ideally when they file their corporate income tax return in multiple states. Uh this around 2014, the multi-state tax commission updated their model language for the compact. This bill will adopt a number of those changes in the multi-state tax compact. But most importantly is
currently on our existing law is we have the sourcing of sales of services are the cost of performance is the requirement in our law. This bill changes the method for sourcing of sales of services to a market-based approach we have of the states that have a corporate income tax, 34 have already adopted market-based sourcing. The only surrounding state that has an income tax that has not yet adopted a market-based source. is the state of Mississippi. There are 10 other states that
are still cost of performance, including Arkansas. Uh, when we were working on this legislation with Senator Kroll. the bill was shared with the state chamber, the state chamber provided some proposed changes that were adopted in the bill. First, the bill would provide a 10 year carveout for Certain telecommunication-based companies that they would be permitted under this bill to continue to use the existing um
process for sourcing of services under the cost performance, or they could elect to use the new method, but through the tax year 2035, those companies are have the ability for the next 10 years to choose what method. They do have to make an election. Also, the other change the chamber requested was that To place a nexus threshold in our law that a taxpayer would have to have a minimum of $250,000 in sales to our state in order to have nexus for
corporate income tax purposes. Also, when the initial bill was being circulated, we were focusing mostly on the cost of performance, market-based sourcing issue, the chamber also recommended that we Adopt as much of the compact that the multi-state tax commission has adopted as well, so we have adopted all of those requests from the state chamber when we adopted those changes that the chamber requested and we did an analysis of the those
changes with the market-based sourcing that we initially contemplated. We determined that the revenue impact was going to be revenue neutral. Uh, the state chamber after our discussions they authorized DFA and Senator Kroll to state that they are in support of this bill. We're happy to answer any questions about the bill. Members have any questions? I may have one on the 250, and
Chair (Senator Jimmy Hickey, Jr)
Unverified
5:44
I know that was a suggestion of theirs. So it's Looks like to me that's on page
10 and it's 250,000 exceeds certainty for the current or the immediately preceding tax year. So It's one, once you're doing it, though, you're going to have to continue to do it from their own. What if somebody has 250 in annual sales and then drops back to 240. Have we contemplated that or? Uh How would
Speaker 17
6:15
that work? So certainly if a if a business no longer had corporate income tax nexus with us because they just don't have the sales anymore,
um, and I'm happy to let Mr. Burns also comment, but certainly if they no longer have nexus with us because they have insufficient sales. We wouldn't anticipate that they they would file a return, but Mr. um I would agree with
Speaker 23
6:38
Paul on that the way it's written, I would interpret that it has to be the current or preceding year or so if the preceding year had 2 50,000 or more, you'd have to continue that next year, but after that, if you didn't for two consecutive years, you'd no longer have that. Fair enough. OK.
Chair (Senator Jimmy Hickey, Jr)
Unverified
6:56
Any other questions in regards to this? Anybody in the audience want to speak for or against it.
Senator Jimmy Hickey, Jr
Unverified
7:08
Are you all closed? OK. Well, the committee, Senator Boyd as due past, Senator Petty is the 2nd
Chair (Senator Jimmy Hickey, Jr)
Unverified
7:15
discussion. By the members, all in favor say aye. Any oppose? OK, that carries, so the bill's passed. Thank
Senator Jimmy Hickey, Jr
Unverified
7:21
you, Mr. Senator. OK, so that was uh 567.
Uh, we're gonna stay, stay in line with our Senate bills first, uh, Senate Bill 369, Senator
Ervin, did you find that amendment? Alright, if you don't mind, we have
an amendment on this, so please pass it out.
Senator Missy Irvin
Unverified
8:12
OK, if you don't mind introducing yourself. Senator Missy Irvin
Chair (Senator Jimmy Hickey, Jr)
Unverified
8:17
District 24. All right. We'll get that out of the way. OK, members, you have the amendment. Do you want her to explain it or do you just want to pass this? Meli explain it from that point. We have a motion motion to adopt the amendment. We have a second. All right, adoption, uh, motion was by Senator Crow, second was by Senator Petty, all in favor to adoption of the motion and say, ah, any oppose?
I hear none, so that's has been adopted. Senator Irvin, ma'am,
you're recognized to present your bill as amended.
Senator Missy Irvin
Unverified
8:50
Thank you, Mr. Chair. Thank you, members of the committee the amendment just eliminated the emergency calls. There are some issue with the emergency clause as it would have been implemented in regards to funds, uh, so we need to eliminate that. It was a good catch by DFNA, and then it added Representative Wing as the House. sponsor. Senate Bill 369, what
it does is it eliminates the electronic. Recycling grant program component of the Arkansas Computer and Electronic Solid Waste Management Act. This the Arkansas Computer and Electronic Solid Waste grant management Act establishes how state agencies are to dispose of computer and electronic waste in the state. That program currently requires that 25% of computer and electronics take surplus sales be transferred to the Department of Energy and Environment and given out as grants. Uh, this
program no longer yield holds a positive cost benefit to the department. So currently energy and environment only uses only a minimal amount to cover the cost of administrating the program from the funds received but does not cover personnel costs, so the administrative burden in carrying out the program outweighs the potential benefits of the grant program. Uh, so what this bill will do is it'll eliminate the grant program and redirect the 25% currently going to energy and environment to marketing and redistribution and
Chair (Senator Jimmy Hickey, Jr)
Unverified
10:14
State surplus. OK. Do any of the members have any questions of Senator Irvin on this bill? OK, anyone in the audience want to speak for this bill, and we want to speak against this bill. Are you closed, Senator Urban? I am. Appreciate it. Good. All right. Do I have what's the will of the committee, Senator Petty is moves due pass as amended, correct, Senator Petty. Senator Boyd, you were 2 on that. Any discussion? All in favor, say I. Any oppose? Congratulations, Senator Ervin.
Senator Jimmy Hickey, Jr
Unverified
10:44
Thank you. Thank you, members of the committee. All right, the next Senate bill is going to be SB 500, Senator Petty. And you want to pass out the amendment on it. Yeah. petty just to get it out of the
Chair (Senator Jimmy Hickey, Jr)
Unverified
11:14
way. Why don't you just go ahead and introduce yourself. We'll have that. And as soon as we get the
Senator Jim Petty
Unverified
11:20
amendment, we'll roll with it. Yes, sir. Thank you, Mr. Chair. Jim Petty, Senator, District
Senator Jimmy Hickey, Jr
Unverified
11:36
29. I OK, members OK with adopting the amendment and letting him present it that way. Senator Crow moves. to pass on the amendment,
Chair (Senator Jimmy Hickey, Jr)
Unverified
11:45
Senator Caldwell's 2nd. All in favor say aye. Any opposed? OK, Senator
Petty, you are recognized to present SB 500 as uh with as amended. Thank you, Mr. Chair. So members,
Senator Jim Petty
Unverified
12:00
this is going way back
to 1909 before uh most of us were even considered part of the family tree, um, and it's very specific, but that's the way the statute is, uh, but
it's also going to address going forward any other future levy districts, but specifically, uh, The, the Crawford County levee District. Uh, was created in 2009 and, and all levy districts coming under various statutes are granted the right to uh uh to a uh charge a fee or an assessment in order to maintain the levies and we all obviously with 12 inches of rain pending. We know the importance of levies, uh.
The Crawford County Levy District specifically was created and the way they were created, they have to build uh, their, the, the owners that are within their levee district that are adjacent to the uh to the river. Most of the levy districts actually have the vehicle in place where it goes through the normal property tax top collections and it goes through the collectors, uh, in fact, that is the the substance of the
amendment was the collectors and treasure had and the association had some comment related to their concern, not concerns, but, but making sure it didn't put them in a situation that they couldn't effectively admit administer it. So in, in its simplest form, all we're asking to do is to, to create with this bill is to create an ability to have the levy taxes that are collected by the existing property tax mechanism through the assessor and the collector
rather than the levy board sending their own bills and trying to collect their their payments for those fees, and that's in a nutshell, what this one is, and it does have very specific language because we're amending very specific. language in the statute going back to 1909.
I'm happy to answer any questions. Any members have any questions of Senator Petty? You
Chair (Senator Jimmy Hickey, Jr)
Unverified
14:12
want the audience want to speak for the bill, against the bill. You close Senator. Will of the committee with the
Senator Jimmy Hickey, Jr
Unverified
14:23
motion to pass. OK, we have who, who did the motion? All right,
Chair (Senator Jimmy Hickey, Jr)
Unverified
14:31
I have to call that out. Senator Boyd, you moved Du pass as mended. Senator Crowe is the 2nd in discussion. All in favor say any oppose? OK, that passes. Hey, the next, uh, Are you gonna run that one? Oh, if Senator Betty, I think
you have the next one too. I, I do if we're, if we're not doing Senate I think Senator's skipping over
Senator Jimmy Hickey, Jr
Unverified
15:00
here, so you will be next. SB 573. Yes sir, that's it. No, OK. Uh, just introduce yourself
again, I guess, and you're still recognized if
Senator Jim Petty
Unverified
15:10
it's OK with the chair, I'd like to invite Mr. Wyatt Swinford up here who uh has extensive experience in this space, sir, if you don't mind. Again, Jim Petty, Senator, District 29.
Chair (Senator Jimmy Hickey, Jr)
Unverified
15:26
When you get to the table, if you'll just push the push the
Speaker 70
15:35
button and Recognize yourself for the record. Thank you, Mr. Chairman. Wyatt Swinford, I am counseled on behalf of Merritt Energy Company,
Senator Jimmy Hickey, Jr
Unverified
15:42
but I serve on the tax committee for AO. All
Senator Jim Petty
Unverified
15:48
right, good to have you sir. Uh, you're working as center Petty.
Thank you, Mr. Chair. So this bill is essentially a bunch of uh definitions,
clarification, it attempts to clarify and consistent value references in the adviorum tax provisions. It clearly defines a standard of value which to be fair market value for adglorum tax purposes, which are already established in case law, and then it sets forth. other definitions. Now at this point I'm going to hand it off to Mr. Swinford and and he can kind of give you more basis for, for the, the bill. Thank you, Senator Petty. Uh,
Speaker 70
16:28
members this um this bill will greatly improve the quality, consistency and coherence of Arkansas's ad valorum statutes. Currently, the statutes make reference to the standard of value, which in Arkansas is fair market value, but they do so in multiple places and in varying and inconsistent ways. The nomenclature, the words are not the same. Sometimes it says true value, sometimes it says true and correct value in Personal property, it calls it usual selling price, but then in
another statute calls it market value. The definition here primarily in reference to fair market value is to clarify that those terms have the same meaning, that's well established in the Arkansas case law, um, and the, the definition of fair market value, what does that mean? It means ostensibly a willing buyer, willing seller, um, and an arm's length transaction, that is a clear definition of fair market value, but it does not appear in the Arkansas statutes, and I'll tell you this is unique to the state of Arkansas. Virtually
every state has codified what fair market value means. Um, Kansas, Oklahoma, Texas, Louisiana, Mississippi, Missouri, they all have their fair market value definition in the statutory provisions. Arkansas is an outlier and does not and has inconsistent terms, um, primarily when working with appraisers who are reviewing property tax issues, one of their first questions is, what is the standard of value and where do I go look for it? And I have to tell them they need to read 5 or 6 cases to try
to find the answer to that. So the aim here is to simply put this in statute to clarify what has already been defined by the General Assembly fair market value and what is recognized across the board. And then in addition to that, some of the basic appraisal concepts, um, the approaches to value. There was a comment earlier today about how folks don't understand how their property taxes work. This bill is aimed at fixing that and correcting that. I do believe that taxpayers, assessors and and members of agencies can read
these statutes, understand them, and have a better idea about how the process and system works. So that is the purpose and the intent of this, of this bill. Hey Questions
Speaker 75
18:44
from members on this. I got a couple. OK, Senator Crow, you're first. Um. What exactly, I mean, I know you kind
Senator Steve Crowell
Unverified
18:51
of said what we're trying to accomplish here, but I mean, how is this uh Ours is different than what we're doing now. I mean, is it
It it seems like what are we trying to do exactly? I guess that's my
Speaker 70
19:14
question. Thank you, Senator Crowe. I appreciate the question. Um. In large part, the fair market value standard is, it's not, we're not changing that. It's not a change to that standard, but it is clarifying these multiple inconsistent terms and references to fair market value, and it explains it in such a way that the taxpayer, an assessor, anyone can look at the statute and see what it is, um, without having to, you know, as I said,
kind of read multiple cases. So there's, there's not a, a, a groundswell shift or change here that is sought through this definition, but rather to clarify. buy it and put it in statute
Senator Steve Crowell
Unverified
19:52
and make it clear. Follow up, yes, sir. Does it prohibit mass appraisals at the county level, which we currently use
Speaker 70
19:59
to assess real property. Thank you for the question, Senator Crowe. The answer to that would be no. These are general definitions for basic terms within the Advilorum code, mass appraisal is an approach
used by assessors to and and necessarily so, they have to value thousands of parcels, um, in their, in their jurisdiction. And so that is an effective way to do that has nothing to do with that do with that won't, won't change any of that. These are fundamental appraisal concepts that apply whether it's in mass appraisal or or an individual appraisal on a, on a specific piece of property. Nothing about this would change that or would limit how the assessors go about that. If you notice, this is definitional only, it's not directed to an
assessor changing anything that they would do in
Senator Jonathan Dismang
Unverified
20:51
their mass appraisal approach. Anything else dismay. So it kind of be your position that if there needs to be interpretation because we've allowed interpretation by the courts, but if we need to Specify what we want as legislative body, we should do that by statute. Rather
than letting the courts, you know, piecemeal it together. Thank you
Speaker 70
21:07
for the question, Senator Dismay. The, the exclusive and sole authority to
set the standard of value is from the Arkansas Constitution, Article 16, Section 5 is solely lies with the General Assembly. No one else can do that. And so the General Assembly has done that. It's just been a bit inartful in some of these statutes and not consistent through that. And so I, you know, the point would be that this is solely within the General Assembly's role
Speaker 86
21:31
and right to set to clarify. But you're asking us
Senator Jonathan Dismang
Unverified
21:35
to place clarification for the producers. Correct. This would be for for for taxpayers, for assessors,
Speaker 86
21:44
for agencies, for everyone. It wouldn't be specific to to anyone. It it really would be
Speaker 70
21:49
to for openness and clarity for everybody to see this. I've
Senator Jonathan Dismang
Unverified
21:52
got a number of people that are very sympathetic to needing clarification in my district. Just,
Senator Jimmy Hickey, Jr
Unverified
22:00
just one on the effective date for me. I is that, is that written exactly right. Section 2 of this Act. is effective perception here is beginning. On and after, I mean,
We're trying to start something. I mean, is that, is that written the correct way? I mean, that's a simple. Because we want everything to stay, we want everything to start on that particular date, right? I mean,
Speaker 86
22:31
Thank you for the, thank you for the question, Senator Nicky. I appreciate that. Um, I believe BLR may be supplied part of that on the effective date, um, because the statute,
Speaker 92
22:40
if, if you notice in section in section one on the, the legislative intent
Speaker 77
22:45
is to, to be remedial and to clarify. I don't think that the effective date is overly that important
Senator Jimmy Hickey, Jr
Unverified
22:51
to this. OK, and, and maybe it's just referring to from from there and then
on, you know, it did, I don't know, it just seemed a little different. me because you're trying to establish something. I guess my second question is, you know, nothing here, and I think Senator Crow pretty much has that. Nothing really here is different from any practice that we've been doing in the last 5, 10 years, 15 other than we're
Speaker 70
23:17
just providing all that clarity here in this one spot. Thank you for the question, Senator Hickey. Yes, that would be correct. It's not seeking to change anything, and so the, the effective date in large part just
Speaker 77
23:29
mirrors, you know, simply the tax year where we're at, but, but it is remedial and
Senator Jim Petty
Unverified
23:35
that that intent is expressed in the, in the bill. itself. And I can, I can comment to that in, in drafting BLR did have input because we talked about, you know, 2024, 2025, 2026, and, and since it's not changing
anything in terms of assessments issues defining what fair market value that was assessed on January 1stint, which again is based on case law and practice and so forth, so. Fair enough. Any
Chair (Senator Jimmy Hickey, Jr)
Unverified
24:04
other questions from the audience want to speak for it? Against it You closed. I closed to make a motion
to pass. All right. Senator, Senator Petty makes a motion to pass Senator Crow is a
Senator Jimmy Hickey, Jr
Unverified
24:18
2nd. Any discussion? Yes, sir. Senator. I mean, I have
Senator Jonathan Dismang
Unverified
24:22
received from feedback from my district with the
concerns about where the definitions come from and not quite certain that they line up to the level that maybe we're
being told that they line up. I don't know one way or the other with that I'll be no. Yes, sir. OK, um, any
Speaker 31
24:45
other discussion? OK, what's the will of the
Chair (Senator Jimmy Hickey, Jr)
Unverified
24:48
committee? Well, Artie, I'm sorry, I already have that. All in favor say I opposed. Motion carries, uh, so your bill is passed. Thank you. Thank you. All
Speaker 75
25:07
right, Senator Petty, do you want to do 577? I'm, I'm happy to do that. I think it's relatively simple, straightforward. OK.
Chair (Senator Jimmy Hickey, Jr)
Unverified
25:21
You know, the drill Center Petty just recognize yourself
Senator Jim Petty
Unverified
25:26
and you can begin. Thank you, Mr. Chair. Jim Petty, Senator, District 29. So this, this bill, uh, SB
577 is is simply attempting to um Give some guidance to the county or municipality uh uh administration around extending a tax that is expiring or not extending it, what, what is necessary to
extend the tax that is set to expire and specifically in in one of my counties, but also in in having conversations through that process with DFNA, which was as helpful as they could be. in trying to resolve the issue. It's apparent that it is very confusing. We all agree it's very confusing on all of the reporting requirements necessary to effectively extend a tax. That the that the citizens have voted on and it's all around
administrative notifications and this bill is, is simply going to direct DFNA and order to, uh, they already do certain notifications anyway. They're going to provide them, in essence, you should consult an attorney. There are several areas that you need to be aware of to effectively and, and, and legally extend this, and that's all this is, is to give. The, what ended up happening was because of one of the failed
notices or filing of an ordinance in the paper or something, the tax had to expire for 3 months even though the count the citizens had voted to extend it. It was a administrative oversight during a transition period between a new uh county judge in an old county judge and so because of the statute and the notice requirements, it had to expire. There was no way around it. And so all this is doing is saying, since they're tracking it, you need to check this and make sure you comply with the,
the requirements in an ample time that they can't actually go in and and make those notices and ordinances and and uh public input sessions and so forth. OK Any of the members have any questions? Anyone from the audience wants to speak for it. against
Chair (Senator Jimmy Hickey, Jr)
Unverified
27:46
it Are you close, Senator Petty? I am closed. Make a motion to pass, right, Senator Petty makes a motion to pass. Senator Crow
was the second in discussion. All in favor say aye. Any oppose? That bill does pass. Thank you, Mr. Chair. Thank you. OK, next Senate bill that we have is going to be Senate Bill 605,
Speaker 103
28:15
which is one we put on the active agenda. suspend. Already did it. You I did. OK, so who's the, who's the second?
Senator Jimmy Hickey, Jr
Unverified
28:36
amendment All right, we have an amendment to pass out. We're going to be hearing 605. Everybody should have it in
Chair (Senator Jimmy Hickey, Jr)
Unverified
28:49
their packet. This is the one we heard from DFNA again that uh no negative uh. State revenue impact. So although you don't see a green sheet, we've got that clarification.
All right, we have a motion by Senator Crow, seconded by Senator Caldwell to adopt the amendment.
All in favor say aye. Any oppose? All right, Senator, dismaying, you're recognized to present your uh bill as
Senator Jonathan Dismang
Unverified
29:16
amended. Thank you, Mr. Chairman, members, I think 3 of us, or no, 4 of us on this committee are also in ag,
so we're a little familiar with this, even if we didn't want to be, and this is Delta 89 and all of the chemical operations that are made, uh, you know, we've had a bill brought forward to us
to further try to ban it because we have a ban in place right now that Senator Dees had passed in previous session that has now been enjoined by a federal court because of the national hemp loss, which are a little wild to me. Uh, one thing I'd like to say is we are trying to enforce in the state and I think in one county we have actually a couple of actions in place, but other than that, if you look in your district, you see marijuana leafs and advertisements for Delta 89, whatever it may be,
with all the flashing lights and all the obnoxious things that goes along with it, and it's an one of our districts. Children can buy those products. They're sold in gas stations to these head shops or whatever you want to call them again, tobacco shops, whatever across the state, those products are banned. And the chemical altar products are actually illegal, but they are still being sold. This is going to place a 50% sales tax on those products in the state
we don't know what the amount is because they shouldn't be being sold as it stands right now, but this will allow us to have some tracking about what's happening, which I think is the bigger win inside the bill, so with that I'd be happy to
Speaker 108
30:52
take a any questions. Like you've pronounced this uh title if
Speaker 109
30:57
you could read that, I'd appreciate it. I'm, I went to BB I'm sorry, Senator Petty, cannibal
Senator Jim Petty
Unverified
31:09
in their dismay, uh, so when you say sales tax, we're not talking about the normal 10% sales tax. Are we talking about an excise tax, those
Senator Jonathan Dismang
Unverified
31:17
entities are currently collecting the normal sales sales tax, you
know, we have additional. sales tax on lots of products that we try to deter in the state or Yeah, anyway, that we try to deter the state and we try to encourage healthy behavior through taxation. It's something that we see. We have, you know, candy tax and all those other things that maybe not on regular food. This is not unlike that.
This is just a 50% tax, and one thing I'd keep in mind that's lower than what we have as a cumulative tax on tobacco. Tobacco's in the 60 cent range. This is 50%, you know, 50% or 50%, 60%, I mean, and this is in the
Senator Jim Petty
Unverified
31:56
50%, so and one follow up and is that tax whatever it is going to go.
Senator Jonathan Dismang
Unverified
32:00
It's an undeterminable amount, and so we just have it going to GR, normal GR at
this point, so, but we will be able to see through the sales tax reports filed, how much is,
yeah, how much we'd be deriving from this particular. Product this illegal and banned product in the state of Arkansas. Any other
Senator Jimmy Hickey, Jr
Unverified
32:21
questions in regards to this? Senator Boyd. So in
Senator Justin Boyd
Unverified
32:26
essence, we're going to put a hefty tax on synthetic marijuana. Um Yes, thank you. Synthetic and delta and hemp, and it's a lot more
Senator Jonathan Dismang
Unverified
32:40
complicated than I want to even know, but
you may know more, I mean. As far as the chemical compounds, you probably know more than most, but
Senator Jimmy Hickey, Jr
Unverified
33:00
yes. Any other questions by the committee members? Senator Crow. Tetrahydrocannainol. Yeah, now you, now you say. Thank you for that. I think,
Speaker 67
33:07
uh, anyone in the audience will speak for this?
Speaker 121
33:13
Anyone want to speak against this. You close Senator dismay. I'm losing say it 3 times fast a neon flashing lights, you know,
Senator Jimmy Hickey, Jr
Unverified
33:25
pop up right. OK, he's closed. We might want to wait till you pass. Motion,
Speaker 123
33:31
OK. passes, Senator Crow moves due passes a minute. Do
Senator Jimmy Hickey, Jr
Unverified
33:36
we have a second? Send her by 2 by Senator Caldwell. Any discussion.
Chair (Senator Jimmy Hickey, Jr)
Unverified
33:46
All in favor say aye, ay. Any oppose? OK, that does carry, so that bill is passed. OK, so I
Senator Jimmy Hickey, Jr
Unverified
33:54
believe, I don't know if we did all the Senate bills, House
Speaker 128
34:04
you? HB 17. Which one do you have right, right, 17 1759 is a hit on
Chair (Senator Jimmy Hickey, Jr)
Unverified
34:12
our agenda, and that's why we're doing it. So Senator Boyd,
Senator Justin Boyd
Unverified
34:16
you're going to produce, yeah. Yeah You're going to present that. So Mr. Chair, with your permission, Senator Justin Boyd
Lindsay Bailey
Unverified
34:43
for Fort Smith. Lindsey French Association of Arkansas Counties. Good to see
Speaker 133
34:47
you again. And for speed sake, we'll just
Senator Jimmy Hickey, Jr
Unverified
34:50
let her present. I think you're you begin whenever you're
Lindsay Bailey
Unverified
34:54
ready. Thank you in 2023, this body passed a bill that allowed 60 days instead of 30 days
to pay your sales tax when you buy a vehicle. That change was not made for assessing your vehicles, so that led to confusion for taxpayers, um, they thought that since they had 60 days to pay, had 60 days to assess, which was not the case, so we just want to
make that same uniform and equal for assessment where taxpayers have 60 days after they buy a vehicle to assess. Any questions from the committee?
Senator Jimmy Hickey, Jr
Unverified
35:26
You want Maori Senator Petty. Thank you, Mr. Chair. Just to clarification, so you said that
Senator Jim Petty
Unverified
35:32
they thought they had 60 days, but they really didn't legally have
60 days, and this is going to make it legal to have for them to have 60 days to assess, is that what I heard? That is absolutely correct. All right, thank you. Any other discussion.
Senator Jimmy Hickey, Jr
Unverified
35:50
All right. Anyone you want to speak for it or against it. You closed. I'm closed to make a motion to pass. All right, Senator Boyd makes a motion to pass. Sender Petty's a second. Any discussion, all in favor say aye. Any opposed? OK, that bill's passed. Representative Val, I think you're up. 1594. Alright, you're gonna be
Speaker 66
36:20
doing House Bill 1594. Is that correct? This doesn't have anything to do with vegetables. Yeah. I promise no vegetable garden would
Speaker 5
36:29
you text him and tell him we're close. You want me to put this here? You got it. Uh, DM bought
Representative DeAnn Vaught
Unverified
36:35
District 87. What's your number again? 4 You want me to put this here? You got it. Uh, DM bought
Chair (Senator Jimmy Hickey, Jr)
Unverified
36:43
District 87. What's your number again? 15 members 1594 House
Bill. No me. OK. Uh, if y'all just
Senator Jimmy Hickey, Jr
Unverified
36:53
Both introduce yourself if you haven't already done that and uh then you can begin.
Representative DeAnn Vaught
Unverified
36:58
Paul Ging DFA. Denvo District ID. No, yeah, 87. I'm sorry, it's been a long day. um I appreciate that, uh, I worked with DFNA for us to get a bill that was better that got us down to a 0, Impact, uh, but farmers have been asking for a while to have a farmer sales tax identification card. It's
something I've been working on for at least 4 sessions trying to figure out how to do this. Texas has one, Oklahoma has one, and it's actually costing us sales in our state because they're going across the line where they can use a card and not have to sign every time they make a purchase. Uh, so I worked with DFNA to make sure that we were doing everything correctly and I can let Mr. Paul speak to
Speaker 17
37:47
that. Thank you, Representative. So we worked with Representative Vaught on some changes to the bill. The bill now has a $20 fee
for initial issuance of the of the farmer's identification card, a $10 fee that's used for a renewal. The car will be valid for an 8 year period just like our driver's licenses, those the fee revenue will go back to DFA to offset the cost of administering the program. Now not every farmer is going to be required to get this card. A farmer that does not want to get this car because that farmer is not a resident of Arkansas but maybe comes into Arkansas, doesn't file taxes here, but maybe purchases items
for his or her farm in Arkansas, they can still use the current process of filling out an exemption form, but for those farmers that do qualify then meet the requirements of the bill, they could apply to DFA if they if they file a Schedule F with Arkansas or that they established that they are a commercial farmer, we will then review their application. If everything looks good, we will issue. farmer a card so that they can use that card when they go purchase items at their local cooperative or feed store and so on.
Chair (Senator Jimmy Hickey, Jr)
Unverified
38:58
OK, members have any, any questions on this? I've heard multiple farmers. I've heard multiple people want this and everything and the fee I think is irrelevant on this particular thing. I do want
Senator Jimmy Hickey, Jr
Unverified
39:08
to, I do have one question, more informational purposes for me. Our retailers that now will, will be able to do this, do they need any type of education or is there, do they just know that, how, how do they know now that they're going to be that this card is going to be coming. How, how would we handle that? So
Speaker 17
39:28
these vendors that they'll all have already have sales tax accounts with DFA after each legislative session, we provide a notification to all of our sellers of the import sales tax changes. This will be a part of that notification process. Now these vendors already are accepting our exemption certificates from farmers. This will just be a new and supplemental process so that that farmer that goes in, they're already going to have the car that they can present. They won't have to go in and
Speaker 13
39:56
fill out a form every time that
they have a transaction. OK. Thank you for that. Any,
Chair (Senator Jimmy Hickey, Jr)
Unverified
40:02
any questions, uh, anyone from the audience will speak for it. He wouldn't want to speak against it. You're closed, OK, we have a motion motion by Senator Caldwell, second by Senator Crowe. Any discussion, discussion center board. I just want to say thank you for bringing this. This
Senator Justin Boyd
Unverified
40:20
is really important to my farmers on a border town over in Oklahoma or. Uh, any other discussion?
Senator Jimmy Hickey, Jr
Unverified
40:30
OK All in favor say aye. Any oppose your bill does pass. Thank you, Senator Representative Ball. If you all don't mind, I think
Chair (Senator Jimmy Hickey, Jr)
Unverified
40:42
Senator Clark is on his, on his way. No one else is here to present a bill. Senator Clark, we have texted him and he's going to be doing, what's that number whenever he gets here 22522.
Unknown speaker
41:04
Did he, did he text you back.
Did he say where he went? I'm telling me. Go find him. Call me. Yes.
Speaker 162
43:42
What, what number are you presenting House
Speaker 140
43:46
Bill 1522. No. 12. Yep. All right, members, uh,
Chair (Senator Jimmy Hickey, Jr)
Unverified
43:51
Senator Clark is here to present House
Senator Jimmy Hickey, Jr
Unverified
43:55
Bill 1522. Senator Clark, if you don't mind, just introduce yourself and you can begin. Alan Clark, State Senate District 7.
Senator Alan Clark
Unverified
44:06
The uh If you all ask me any questions
about this bill, you're going to have to loan me your reading glasses because I just left them lay down in the other committee room. So, uh, this bill is mostly technical corrections. That spells out Uh what has to happen for a new municipality to get their turn back funds. Their share of the county's turn back funds because that's divided by the population
within the cities and the population in the county, so whatever the new municipality gets will be taken out of the county's funds. Um, because the county will no longer be responsible for the municipality, and it's really Uh, we have a particular situation, but it's for every situation that arises. I'd be happy to take any questions. Any,
Speaker 165
45:04
any of the members have any questions in regards to this. It has no physical impact, I should have said Senator dismay and I'm assuming other people laid eyes
Senator Jonathan Dismang
Unverified
45:15
on it and the misleague and others have essentially I guess that this is a fine process and Yeah, but I
Senator Alan Clark
Unverified
45:23
mean it looked like it was pretty straightforward, this will, this will fit. Ca big, small. been different. It's just updating the wording really is what it's doing. OK, any other
Senator Jimmy Hickey, Jr
Unverified
45:35
questions for me members? He went from the audience. Paul, do you have a question. OK, fair enough. Um,
No questions from the audience, uh. Senator Crow makes a motion to pass Senator, I'm closed. Senator
Senator Jimmy Hickey, Jr
Unverified
45:55
Caldwell makes 2nd in discussion. All in favor, say I. Any post? OK, that carries. Thank you, Mr. Chair.
Chair (Senator Jimmy Hickey, Jr)
Unverified
46:04
Thank you, members of the committee. All right, I don't see anyone else here to present any bills. Is there anything that the committee that y'all
want to discuss or as Senator Dima said this morning, I guess your the staff's gonna go through before the next meeting and try to try to get an indication from from those members that are on the active list, whether or not they are going to present the bill. If they're not, we're going to move them off. OK. Anything else? OK, with that we're adjourned.
Agenda
RECONVENE/CALL TO ORDER - Senator Jimmy Hickey
REGULAR AGENDA
SB7 C. Penzo TO ALLOW MEMBERS OF THE GENERAL ASSEMBLY TO REQUEST A SALES AND USE TAX REPORT FROM THE DEPARTMENT OF FINANCE AND ADMINISTRATION.
SB131 J. Bryant TO CONFIRM THE LAW RELATED TO THE ASSESSMENT OF A HOMESTEAD BELONGING TO A PERSON WITH A DISABILITY OR A PERSON SIXTY-FIVE YEARS OF AGE OR OLDER.
SB394 J. Bryant TO AMEND THE LAW CONCERNING THE ALLOCATION, DISTRIBUTION, AND USE OF REVENUES DERIVED FROM A COUNTY SALES AND USE TAXES FOR CAPITAL IMPROVEMENTS.
HB1695 J. Richardson TO CLARIFY THE FORECLOSURE PROCESS FOR PROPERTY SUBJECT TO A MUNICIPAL LIEN; TO ALLOW A MUNICIPALITY TO PETITION TO SET ASIDE THE SALE OF PROPERTY TO CERTAIN PERSONS; AND TO PROVIDE FOR THE PRIORITY OF UNRECORDED MUNICIPAL LIENS.
SB567 Crowell TO AMEND AND MODERNIZE THE LAW CONCERNING THE APPORTIONMENT OF INCOME DERIVED FROM MULTISTATE OPERATIONS; AND TO CHANGE THE METHOD FOR SOURCING OF RECEIPTS FOR SERVICES AND INTANGIBLES.
HB1759 Milligan TO INCREASE THE AMOUNT OF TIME A TAXPAYER HAS TO ASSESS TANGIBLE PERSONAL PROPERTY ACQUIRED DURING A CERTAIN TIME PERIOD.
SB369 Irvin TO REPEAL THE COMPUTER AND ELECTRONIC EQUIPMENT RECYCLING GRANTS; TO REPEAL THE COMPUTER AND ELECTRONIC RECYCLING FUND; AND TO DECLARE AN EMERGENCY.
SB500 J. Petty TO AMEND THE LAW CONCERNING LEVEE DISTRICTS; AND TO ALLOW A LEVEE DISTRICT CREATED BY AN ACT OF THE GENERAL ASSEMBLY TO ADOPT PROCEDURE CONCERNING THE COLLECTION OF ASSESSMENTS.
SB558 Crowell TO REQUIRE THE ELECTRONIC FILING OF CERTAIN CORPORATE INCOME TAX RETURNS.
SB573 J. Petty TO AMEND THE METHOD OF VALUATION UNDER ARKANSAS CONSTITUTION, ARTICLE 16, § 5, BY DEFINING THE TERMS USED IN THE ESTABLISHED METHODS OF VALUATION FOR PURPOSES OF PROPERTY TAX.
HB1594 Vaught TO CREATE A FARMER SALES TAX IDENTIFICATION CARD; AND TO RELIEVE A SELLER OF SALES TAX REMITTANCE LIABILITY UPON GOOD FAITH ACCEPTANCE OF A FARMER SALES TAX IDENTIFICATION CARD.
SB577 J. Petty TO AMEND THE LAW CONCERNING LOCAL SALES AND USE TAXES; AND TO REQUIRE THE DEPARTMENT OF FINANCE AND ADMINISTRATION TO NOTIFY LOCAL GOVERNMENTS CONCERNING SALES AND USE TAXES THAT ARE SET TO EXPIRE.
HB1522 Womack TO AMEND THE LAW TO ALLOW FOR THE DISTRIBUTION OF FUNDS IN THE MUNICIPAL AID FUND, TURNBACK FUNDS, AND COUNTY SALES AND USE TAX REVENUES TO NEWLY INCORPORATED MUNICIPALITIES; AND TO DECLARE AN EMERGENCY.
SB605 J. Dismang TO CREATE THE DELTA TETRAHYDROCANNABINOL EXCISE TAX ACT; AND TO TAX DELTA TETRAHYDROCANNABINOL PRODUCTS.
DEFERRED BILLS
SB49 J. Boyd TO AMEND THE LAW CONCERNING THE COLLECTION OF SALES AND USE TAX ON MOTOR VEHICLES, TRAILERS, SEMITRAILERS, AND MOTORBOATS, AS AFFIRMED BY REFERRED ACT 19 OF 1958; AND TO SUBJECT CERTAIN USED MOTORBOATS TO A SPECIAL RATE OF TAX.
SB57 C. Tucker TO AMEND THE INCOME TAX CREDIT FOR CERTAIN INDIVIDUAL POLITICAL CONTRIBUTIONS; AND TO AMEND A PORTION OF THE ARKANSAS CODE THAT RESULTED FROM INITIATED ACT 1 OF 1996.
SB73 B. Johnson TO CREATE THE ACCESS TO CREDIT FOR OUR RURAL ECONOMY (ACRE) ACT; AND TO PROVIDE AN INCOME TAX DEDUCTION FOR CERTAIN AGRICULTURAL LOANS.
SB82 J. Payton TO INCREASE THE SALES AND USE TAX EXEMPTION FOR USED MOTOR VEHICLES; AND TO AMEND THE REDUCED SALES AND USE TAX RATE APPLICABLE TO PURCHASES OF USED MOTOR VEHICLES.
HB1085 K. Brown TO ADOPT FEDERAL LAW CONCERNING TAX-DEFERRED TUITION SAVINGS PROGRAMS; AND TO AMEND THE INCOME TAX LIABILITY FOR ROLLOVER CONTRIBUTIONS FROM AN ARKANSAS BRIGHTER FUTURE FUND PLAN TO A ROTH INDIVIDUAL RETIREMENT ACCOUNT.
SB204 C. Penzo TO EXEMPT FROM GROSS INCOME A GAIN BY A TAXPAYER RESULTING FROM THE ACQUISITION OF PROPERTY UNDER THE RIGHT OF EMINENT DOMAIN OR THE THREAT OF CONDEMNATION.
SB233 C. Penzo TO AMEND THE INCOME TAX LAWS RELATING TO CERTAIN TRUSTS; TO PRESERVE CERTAIN TRUST ASSETS; AND TO EXEMPT CERTAIN TRUSTS FROM INCOME TAX.
SB256 J. Dotson TO AMEND THE ARKANSAS CORPORATE FRANCHISE TAX ACT OF 1979; AND TO REDUCE THE MINIMUM FRANCHISE TAX FOR CERTAIN CORPORATIONS.
SB268 D. Wallace TO TRANSFER GENERAL REVENUE TO THE AGING AND ADULT SERVICES FUND ACCOUNT TO BE USED FOR FOOD SERVICES BENEFITING THE ELDERLY; AND TO DECLARE AN EMERGENCY.
SB274 D. Wallace TO CREATE A SALES AND USE TAX EXEMPTION FOR CERTAIN ITEMS RELATED TO HUMAN BURIAL; AND TO EXEMPT A PORTION OF THE PURCHASE PRICE OF A CASKET, BURIAL VAULT, OR MONUMENT FROM SALES AND USE TAX.
SB289 J. Dotson TO CUT THE STATEWIDE SALES TAX RATE BY ONE-EIGHTH PERCENT TO REDUCE THE SURPLUS FUNDS COLLECTED FROM ARKANSAS TAXPAYERS.
SB310 B. King TO ENABLE THE COMMISSIONER OF STATE LANDS TO CONDUCT CERTAIN BUSINESS ONLINE; AND TO AMEND THE PROCEDURE THE COMMISSIONER OF STATE LANDS MUST FOLLOW IN SELLING CERTAIN PROPERTY.
SB316 B. Johnson TO AMEND THE SALES AND USE TAX LAWS CONCERNING REBATES; AND TO REQUIRE THAT SALES AND USE TAX REBATES BE ADMINISTERED AS REFUNDS.
SB318 F. Love TO CREATE AN INCOME TAX EXEMPTION FOR CERTAIN INDIVIDUALS BASED ON INCOME AND AGE.
SB338 Hill TO PROVIDE SALES AND USE TAX EXEMPTIONS FOR STUDENT FARMERS; AND
TO PROVIDE SALES AND USE TAX EXEMPTIONS FOR CERTAIN PRODUCTS AND SERVICES TO BE USED IN RELATION TO A PROJECT FOR A YOUTH FARMING PROGRAM.
HB1534 Schulz TO INCREASE THE HOMESTEAD PROPERTY TAX CREDIT.
SB377 Hester TO CREATE THE GROCERY TAX RELIEF ACT; TO AMEND THE LAW CONCERNING THE SALES AND USE TAXES LEVIED ON FOOD AND FOOD INGREDIENTS, AS AFFIRMED BY REFERRED ACT 19 OF 1958; AND TO EXEMPT GROCERIES FROM STATE SALES AND USE TAXES.
HB1589 Schulz TO AMEND THE LAW CONCERNING THE FINANCIAL OPERATIONS OF A COUNTY; AND TO AMEND THE LAW CONCERNING THE ANNUAL COUNTY FINANCIAL REPORT.
SB419 G. Leding TO CREATE A SALES AND USE TAX EXEMPTION FOR CERTAIN SALES TO A CULTIVATION FACILITY.
SB423 J. Scott TO EXEMPT FROM THE INDIVIDUAL INCOME TAX EDUCATION SCHOLARSHIPS, AWARDS, AND GRANTS FROM NONPROFIT VOLUNTEER SERVICE ORGANIZATIONS.
SB465 B. Davis TO PROVIDE FOR A SALES AND USE TAX REFUND FOR A SPECULATIVE DEVELOPMENT PROJECT; AND TO REQUIRE CONCURRENT FINANCIAL INCENTIVE AGREEMENTS UNDER THE CONSOLIDATED INCENTIVE ACT OF 2003.
SB526 Irvin TO PROHIBIT THE SALE OF DISPOSABLE VAPOR PRODUCTS FROM A PROHIBITED FOREIGN PARTY.
SB535 Hester TO CREATE A SALES AND USE TAX EXEMPTION FOR THE ARKANSAS MUSEUM OF FINE ARTS AND THE ARKANSAS MUSEUM OF FINE ARTS FOUNDATION.
SB568 Crowell TO AMEND THE LAW CONCERNING THE TAXES APPLICABLE TO LITHIUM EXTRACTION AND DEVELOPMENT; TO PROVIDE A SALES AND USE TAX EXEMPTION FOR LITHIUM RESOURCE DEVELOPMENT; AND TO AMEND THE LAW CONCERNING THE SEVERANCE TAX ON LITHIUM.
SB502 Crowell TO AMEND THE ARKANSAS INCOME TAX WITHHOLDING ACT OF 1965; AND TO REQUIRE THE ELECTRONIC FILING OF A FORM 1099 IN CERTAIN CIRCUMSTANCES.
ADJOURNMENT
Documents
| Title | Type | Pages | Source |
|---|---|---|---|
| Agenda — REVENUE & TAX - SENATE, Apr 2, 2025 | Agenda | 3 | Official source ↗ |
Speakers
Senator Jimmy Hickey, Jr
Unverified
Chair (Senator Jimmy Hickey, Jr)
Unverified
Speaker 5
Speaker 13
Senator Steve Crowell
Unverified
Speaker 17
Speaker 23
Senator Missy Irvin
Unverified
Senator Jim Petty
Unverified
Speaker 70
Speaker 75
Senator Jonathan Dismang
Unverified
Speaker 86
Speaker 92
Speaker 77
Speaker 31
Speaker 103
Speaker 59
Speaker 108
Speaker 109
Senator Justin Boyd
Unverified
Speaker 67
Speaker 121
Speaker 123
Speaker 126
Speaker 128
Lindsay Bailey
Unverified
Speaker 133
Speaker 66
Representative DeAnn Vaught
Unverified
Speaker 162
Speaker 140
Senator Alan Clark
Unverified
Speaker 165
Speaker 167