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…”
|
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…”
|
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…”
|
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…”
|
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. |
|
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. |
|
SB318
· 2 mentions in chapter, agenda
Matched: “SB318 F. Love TO CREATE AN INCOME TAX EXEMPTION FOR CERTAIN INDIV…”
|
TO CREATE AN INCOME TAX EXEMPTION FOR CERTAIN INDIVIDUALS BASED ON INCOME AND AGE. | F. Love | Died in Senate Committee at Sine Die adjournment. |
|
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…”
|
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. |
|
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 |
|
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…”
|
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…”
|
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…”
|
TO CREATE A SALES AND USE TAX EXEMPTION FOR THE ARKANSAS MUSEUM OF FINE ARTS … | Hester | Notification that SB535 is now Act 781 |
|
SB558
· 2 mentions in chapter, agenda
Matched: “SB558 Crowell TO REQUIRE THE ELECTRONIC FILING OF CERTAIN CORPORA…”
|
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 |
|
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. |
|
SB577
Act 720
· 2 mentions in chapter, agenda
Matched: “SB577 J. Petty TO AMEND THE LAW CONCERNING LOCAL SALES AND USE TA…”
|
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…”
|
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. |
|
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…”
|
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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Senator Jimmy Hickey, Jr
Unverified
0:00
Hey, it's been 10 minutes since we adjourned the Senate, so we're going to come back in from recess and continue our meeting from this morning. The first thing I want to do, and we had mentioned this
Chair (Senator Jimmy Hickey, Jr)
Unverified
0:12
this morning, we just did not print the new agenda since we were just coming back in for a recess, but I want to suspend the rules and place Senate Bill 605 on our active agenda. So if Senator Dismanning wants to, we'll be hearing it today. Again, we discussed this this morning, talked to Mr. Garing, 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. Okay, 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 theirs, we'll let them do
Senator Jimmy Hickey, Jr
Unverified
0:52
that afterwards. You're not going to do yours today, are you this one?
Speaker 5
0:58
I am going to do this one right here. But not this one. Yes, that's one I think.
Senator Jimmy Hickey, Jr
Unverified
1:05
Okay. All right. Well, Senator Crowell, I believe you're
going to be first where we're at. Senate Bill 567. Senator Hickey? Yes. I'm going
Speaker 9
1:18
to get this one. Senator Kroll, District 3.
Senator Steve Crowell
Unverified
1:48
You're recognized. Thank you. This is Senate Bill 567. This is from that packet of
DF&A, and I am going to simply turn it right on
Speaker 17
2:02
Thank you, Mr. 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 a part of the multi-state tax commission. The multi-state tax compact concerns the apportionment of income for multi-state businesses. The purpose of the multi-state compact is to promote uniformity in state tax laws from state to state, promote compatibility for taxpayers, increase taxpayer convenience, avoid double taxation, and also for businesses to have just one set of rules,
ideally when they file their corporate income tax return in multiple states. 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 or 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 market-based sourcing is the state of Mississippi. There are 10 other states that are still cost of performance, including Arkansas. 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 carve-out for certain telecommunication-based companies that they would be permitted under this bill to continue to use the existing 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 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 those changes with the market-based sourcing that we initially contemplated, we determined that the revenue impact was going to be revenue neutral. 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
Chair (Senator Jimmy Hickey, Jr)
Unverified
5:36
about the bill. Members have any questions? I may have one on the 250 and I know that was a suggestion of theirs. So it looks like to me that's on page 10 and it's $250,000 exceeds $250,000 for the current or the immediately preceding tax year. 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
Speaker 17
6:08
contemplated that or how would that work? Certainly, if a business no longer had corporate income tax nexus with us because they just don't have the sales anymore, 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 would file a return, but I would agree with
Speaker 23
6:33
Paul on that. The way it's written, I would interpret that it has to be the current or proceeding
year, so if the preceding year had $250,000 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
Chair (Senator Jimmy Hickey, Jr)
Unverified
6:50
enough. Okay. Any other questions in regards to this? Anybody in the audience want to speak for or against it? Are you all
Senator Jimmy Hickey, Jr
Unverified
7:03
closed? Okay. Will the committee? Senator Boyd is due pass. Senator Petty is a second. Any discussion by the members?
Chair (Senator Jimmy Hickey, Jr)
Unverified
7:11
All in favor say aye. Aye. Any opposed? Okay, that carries, so the bill is passed. Thank
Senator Jimmy Hickey, Jr
Unverified
7:16
you, Mr. Chair. Appreciate the testimony. Thank you, Senator Kroll. Okay, so that was 567. We're going to stay in line with our Senate bills first. Senate Bill 369. Senator Irvin, did you find that
amendment? She got it right here. Okay. All right. If
you don't mind, we have an amendment on this, so please pass it out.
Okay, if you don't mind, introduce yourself. Yes,
Senator Missy Irvin
Unverified
8:09
Senator Missy Irvin, District 24. We'll get that out
Chair (Senator Jimmy Hickey, Jr)
Unverified
8:12
of the way. Okay, members, you have the amendment. Do you want to explain it or do you just want to pass this?
amendment letter explain it from that point we have a motion motion to adopt the amendment you have a second all right adoption motion was with Senator Crowe second was by Senator Petty all in favor to adoption of the motion say I any opposed I hear none so that's has been adopted Senator Irvin ma'am you're recognized
to present your bill as amended thank you
Senator Missy Irvin
Unverified
8:45
mr. chair thank you members of the committee. The amendment just eliminated the emergency clause. There is some
issue with the emergency clause as it would have been implemented in regards to funds, so we needed to eliminate that. It was a good catch by DF&A, 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. 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 percent of computer and electronic state surplus sales be transferred to the Department of Energy and Environment and given out as grants. This program no longer yields 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. So what this bill will do is it eliminate the grant program and redirect the 25% currently going to energy and environment to marketing and redistribution and state surplus. Okay. Do any of the members have any questions of Senator Irvin on this bill? Okay. Anyone
Chair (Senator Jimmy Hickey, Jr)
Unverified
10:12
in the audience want to speak for this bill? Anyone want to speak against this bill? Are you closed, Senator Irvin? I am. Appreciate it. Good vote. All right. Do I have a vote? What's the will of the committee? Senator Petty is a moves
do pass as amended correct senator petty senator boyd you were a second on that any discussion all in favor say aye any opposed congratulations senator urban thank you thank you members of the
Senator Jimmy Hickey, Jr
Unverified
10:42
committee all right the next uh senate bill is going to be sb 500 senator petty and you want to pass out the amendment on it
Chair (Senator Jimmy Hickey, Jr)
Unverified
10:57
Senator Petty, just to get it out of the way, why don't you just go ahead and introduce yourself. We'll have that and as soon as we
Senator Jim Petty
Unverified
11:15
get the amendment, we'll roll with it. Yes, sir. Thank you, Mr. Chair. Jim Petty, Senator, District 29.
Senator Jimmy Hickey, Jr
Unverified
11:27
Okay. Members, okay with adopting the amendment and letting him present it that way. Senator Kroll
Chair (Senator Jimmy Hickey, Jr)
Unverified
11:37
moves do pass on the amendment. Senator Caldwell is second. All in favor say aye. Aye. Any opposed? Okay.
Senator Petty, you are recognized to present SB500 as amended. As amended. Yes, sir. Thank you, Mr. Chair.
Senator Jim Petty
Unverified
11:55
so members this is going
way back to 1909 before most of us were even considered part of the family
tree and it's very specific but that's the way the statute is but it's also going to address going forward any other future levy districts but specifically the the Crawford County levy district was created in 1909 and all levy districts coming under various statutes are granted the right to 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. The Crawford County Levy District specifically was created and the way they were created, they have to bill the owners that are within their levy district that are adjacent to the river. Most of the levy districts actually have the vehicle in place where it goes through the normal property tax type collections
and it goes through the collectors. In fact, that is the substance of the amendment was the collectors and treasurer and the association had some comment related to their concern, not concerns, but making sure it didn't put them in a situation that they couldn't effectively administer it. So in its simplest form, all we're asking to do is 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 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. And I'm
happy to answer any questions. Any members have any questions of Senator Petty?
Chair (Senator Jimmy Hickey, Jr)
Unverified
14:11
Anyone in the audience want to speak for the bill, against the bill? You close, Senator Petty? - I am closed. - Will of the committee? - With the motion to pass.
Senator Jimmy Hickey, Jr
Unverified
14:20
- As amended, second. - Okay, we have, who did the motion? -
Chair (Senator Jimmy Hickey, Jr)
Unverified
14:26
He did the motion. - All right, I have to call that out. Senator Boyd, you move, do pass as amended. Senator Crowell is a second. Any discussion? All in favor say aye. - Aye. - Any opposed? Okay, that passes. Okay, the next.
Are you going to run that one? Yep, Senator Biddy, I think you have the next one, too. I do, if we're not doing, I think Senator Crowley.
Senator Jimmy Hickey, Jr
Unverified
14:55
He's skipping over his, so you will be next. Yes, sir. SB 573? Yes, sir, that's it. No amendment
on it, right? No. Okay. Just introduce yourself
Senator Jim Petty
Unverified
15:05
again, I guess, and you're still recognized. If it's okay with the chair, I'd like to invite Mr. Wyatt Swinford up here, who has extensive experience in this space. Yes, sir. you don't mind.
Again, Jim Petty, Senator District 29. When you get to the table, if you'll just
Chair (Senator Jimmy Hickey, Jr)
Unverified
15:23
push the button and recognize yourself for the record. Thank
Speaker 70
15:30
you, Mr. Chairman. Wyatt Swinford, I am counseled on behalf of Merritt Energy Company, but I serve
Senator Jimmy Hickey, Jr
Unverified
15:37
on the tax committee for April. All
Senator Jim Petty
Unverified
15:43
right, good to have you. Yes, sir. You're recognized, Senator
Petty. Thank you, Mr. Chair. So this bill is essentially a bunch of definitions, clarification. It attempts to
clarify inconsistent value references in the ad valorem tax provisions. It clearly defines a standard of value which to be fair market value for ad valorem tax purposes, which are already established in case law, and then it sets forth some other definitions. At this point, I'm going to hand it off to Mr. Swinford, and he can kind of give
Speaker 70
16:19
you more basis for the bill. Thank you, Senator Petty. Members, this bill will greatly improve the quality, consistency,
and coherence of Arkansas's ad valorem 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 is well established in the Arkansas case law. And the definition of fair market value, what does that mean? It means ostensibly a willing buyer, willing seller in 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 will tell you this is unique to the state of Arkansas. Virtually every state has codified what fair market value means. 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. 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 five or six 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 in addition to that, some of the basic appraisal concepts, 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 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 bill. -
Speaker 75
18:39
Okay, questions for members on this? - I got a couple.
- Okay, Senator Crowell, you're first. -
Senator Steve Crowell
Unverified
18:46
What exactly, I mean, I know you kind of said we're trying to accomplish here, but I mean, how is this different than what we're doing now? I mean, it seems like what are we trying to do exactly? I guess that's my
Speaker 70
19:09
question. Thank you, Senator Crowe. I appreciate the question. In large part, the fair market value standard, 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 a taxpayer, an assessor, anyone can look at the statute and see what it is without having to, you know, as I said, kind of read multiple cases. So there's not a groundswell shift or change here that is sought through this definition, but rather to clarify it and put it in statute and make it
Senator Steve Crowell
Unverified
19:47
clear. Yes, sir. Does it prohibit mass appraisals at the county level, which we currently use to assess real property?
Speaker 70
19:54
Thank you for the question, Senator Crowell. The answer to that would be no. These are general definitions for basic terms within the ad valorem code. Mass appraisal is an approach used by assessors, and necessarily so. They have to value thousands of parcels in their jurisdiction, and so that is an effective way to do that. has nothing to do with that, won't change any of that. These are fundamental appraisal concepts that apply, whether it's in mass appraisal or an individual appraisal
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 directive to an assessor changing anything that they would do in their mass appraisal approach. Anything else?
Senator Jonathan Dismang
Unverified
20:46
Senator Dismay. So it would 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 a legislative body,
we should do that by statute rather than letting the
Speaker 70
21:02
courts, you know, piecemeal it together. Thank you for the question, Senator Dismay. The exclusive and sole authority to set the standard of value is from the Arkansas Constitution, Article 16, Section 5, 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 the point would be that this is solely within the General
Speaker 86
21:26
Assembly's role and right to set this into clarifying.
Senator Jonathan Dismang
Unverified
21:30
But you're asking us to place clarification for the producers, correct? This would
Speaker 86
21:36
be for taxpayers, for assessors, for agencies, for everyone. It wouldn't be specific to anyone. It really would be for openness and clarity
Speaker 70
21:44
for everybody to see this. Absolutely, and I've got
Senator Jonathan Dismang
Unverified
21:47
a number of people that are very sympathetic to needing clarification in my
Senator Jimmy Hickey, Jr
Unverified
21:55
district. Just one on the effective date for me. Is that written exactly right?
Section 2 of this act is effective for sections of years beginning on and after? I mean, we're trying to start something. I mean, 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
Speaker 86
22:26
mean. Thank you for the question, Senator Hickey. I appreciate that. I believe BLR maybe supplied part of that on the effective date
Speaker 92
22:33
because the statute, if you notice in section one on the legislative intent is to
Speaker 77
22:40
be remedial and to clarify, I don't think that the effective data is overly that important to this. Okay,
Senator Jimmy Hickey, Jr
Unverified
22:46
and maybe it's just referring to, from there and then on, you know,
I don't know, it just seemed a little different to me because you're trying to establish something. I guess my second question is, you know, nothing here, and I think Senator Crowell pretty much
asked that, nothing really here is different from any practice that we've been doing in the last five, 10 years, 15, other than we're just providing all that clarity here in this one spot. Thank
Speaker 70
23:15
you for the question, Senator Hickey. Yes, that would be correct. It's not seeking to change anything, and so the effective data, in large part, just mirrors, you know, simply the tax
Speaker 77
23:24
year where we're at, but it is remedial, and that intent is expressed in
Senator Jim Petty
Unverified
23:30
the bill itself. And I can comment to that. In drafting, BLR did have input, because we talked about, you know,
2024, 2025, 2026, and since it's not changing anything in terms of assessments, it's just defining what fair market value that was assessed on January 1st meant, which again is based on case law and practice and so forth, so. - Fair enough. - Any other questions? Anybody from the
Chair (Senator Jimmy Hickey, Jr)
Unverified
23:59
audience want to speak for it, against it? You closed? I close to make a motion, do pass.
- All right, Senator Petty makes a motion, do pass. Senator Crowell is second. Any discussion?
Senator Jimmy Hickey, Jr
Unverified
24:12
- Yes, sir, Senator Dismayne. - I mean, I have received
Senator Jonathan Dismang
Unverified
24:17
feedback from my district with 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 a no. - Yes, sir.
Speaker 31
24:40
Okay, any other discussion? Okay, what's the will
Chair (Senator Jimmy Hickey, Jr)
Unverified
24:46
of the committee? Well, already, I'm sorry, I already have that. All in favor say aye. - Aye. - Any opposed? - No. - Motion carries, so your bill is passed. - Thank
Speaker 75
25:02
you. - Thank you. All right, Senator Petty, do you want to do 577? I'm happy to do that. I think it's relatively simple, straightforward.
Chair (Senator Jimmy Hickey, Jr)
Unverified
25:12
Okay. You know the drill. Senator Petty, just recognize
Senator Jim Petty
Unverified
25:21
yourself and you can begin. Thank you, Mr. Chair. Jim Petty, Senator, District 29. So this bill,
SB 577, is simply attempting to give some guidance to the county or municipality administration around extending a tax that is expiring or not extending a tax.
What is necessary to extend a tax that is set to expire, specifically in one of my counties, but also in having conversations through that process with DF&A, 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 citizens have voted on.
And it's all around administrative notifications. And this bill is simply going to direct DF&A in order to, 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 legally extend this. And that's all this is, is to give them. 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 three months, even though the citizens had voted to extend it. It was an administrative oversight during a transition period between a new county judge and 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 requirements in an ample time
that they can actually go in and make those notices and ordinances and public input sessions and so forth. OK. Any of the members have any questions? Anyone from the audience want to speak for it?
Chair (Senator Jimmy Hickey, Jr)
Unverified
27:41
Against it, are you closed, Senator Petty? I am closed. Make a motion to do pass. All right, Senator Petty makes a motion to do pass. Senator Crowe has a second. Any discussion?
All in favor, say aye. Aye. Any opposed? That bill does pass. Thank you, Mr. Chair. Thank you, committee. Okay, next Senate bill that we have is going to be
Speaker 103
28:10
Senate Bill 605, which is one we put on the active agenda. Already did it. An official one? We just told you. All right, we
Senator Jimmy Hickey, Jr
Unverified
28:33
We're going to be hearing 605. Everybody should have it in their packet. This
Chair (Senator Jimmy Hickey, Jr)
Unverified
28:44
is the one we heard from DF&A again, that there's no negative state revenue impact. So although you don't see a green sheet, we've got that clarification. I make a motion to accept the amendment. All right. We have a motion by Senator Crowe, second by Senator Caldwell to adopt the amendment. All in favor say aye.
Any opposed? All right. Senator Dismang, you're recognized to present your bill as amended. Thank you, Mr.
Senator Jonathan Dismang
Unverified
29:11
Chairman. Members, I think three of us, or no, four 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. This is Delta 8, 9, and all of the chemical operations that are made. 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 a previous session
that has now been enjoined by a federal court because of the national hemp laws, which are a little wild to me. 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 leaves and advertisements for Delta 8, 9, whatever it may be, with all the flashing lights and all the obnoxious things that goes along with it, and it's in every 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 alter products are actually illegal, but they are still being sold. This is going to place a 50 percent sales tax on those products in the state. Again, 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 take any questions. I'd like
Speaker 108
30:47
you to pronounce this title. If you could read that, I'd
Speaker 109
30:52
appreciate it. I went to BB. I'm sorry. Senator Petty. Tetra, no. Yeah. Cannibal. Senator Dismain,
Senator Jim Petty
Unverified
31:03
so when you say sales tax, we're not talking about the normal 10% sales tax? Are we talking about an excise tax? We would hope
Senator Jonathan Dismang
Unverified
31:12
those entities are currently collecting the normal 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 in the state and we try to encourage healthy behavior through taxation. It's something that we see. have, you know, candy tax and all those other things that may be 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
31:51
50%. And one follow-up, sir. So, and where is that
Senator Jonathan Dismang
Unverified
31:54
tax, whatever it is, going to go? It's an undeterminable amount, and so we just
have it going to GR, normal GR at this point. But we will be able to see through the sales tax reports filed how much we'd be deriving from this particular product, this illegal and banned
Senator Jimmy Hickey, Jr
Unverified
32:16
product, state of art. Any other questions in
Senator Justin Boyd
Unverified
32:21
regards to this? Senator Boyd. So in essence, we're going to put a hefty tax on synthetic marijuana.
Senator Jonathan Dismang
Unverified
32:28
yes. Thank you. Synthetic and delta and hemp, and it's a lot more 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 yes. Any other questions by the committee
Senator Jimmy Hickey, Jr
Unverified
32:55
members? Senator Crowell? Tetrahydrocannabinol. Yeah, that's how you say it. Now you say it.
Thank you for that, I think.
Speaker 67
33:02
Anyone in the audience want to speak for this? Anyone want
Speaker 121
33:11
to speak against this? You closed, Senator Dismayne? I'm closed. You say it three times fast, a neon flashing light. I'll
Senator Jimmy Hickey, Jr
Unverified
33:20
see you now. Pop up. All right. Okay, he's closed. We might want to
Speaker 123
33:26
wait until you pass. All right. Senator Crowe moves
Senator Jimmy Hickey, Jr
Unverified
33:31
do pass as amended. Do we have a second? Second by Senator
Chair (Senator Jimmy Hickey, Jr)
Unverified
33:37
Caldwell. Any discussion? All in favor say aye. Aye. Any opposed? Okay. That does carry. So that bill is passed. Okay. So I believe, I
Senator Jimmy Hickey, Jr
Unverified
33:49
don't know if we did all the Senate bills, House bills.
Speaker 128
33:59
HB 1759. Which one do you have? All right. 1759 is ahead on our
Chair (Senator Jimmy Hickey, Jr)
Unverified
34:07
agenda and that's the way we're doing it. So
Senator Justin Boyd
Unverified
34:11
Senator Boyd, you're going to produce, yeah. You're going to present that. Mr. Chair, with your permission, Senator Justin Boyd-Fortsmith.
Lindsay Bailey
Unverified
34:38
Lindsey French, Association of Arkansas Counties. Good to see you again.
Speaker 133
34:41
And for speed sake, we'll just let her present, I
Senator Jimmy Hickey, Jr
Unverified
34:45
think. All right. Well, you're recognized. You begin whenever you're
Lindsay Bailey
Unverified
34:49
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 vehicle. So that led to confusion for taxpayers. They thought that since they had 60 days to pay, they 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
35:21
Anyone from the audience? Senator Petty. Yep. Thank you, Mr. Chair. Just a clarification, so you
Senator Jim Petty
Unverified
35:27
said that they thought they had 60 days, but they really didn't legally
have 60 days, and this is going to make it legal for them to have 60 days to assess. Is that what I heard? That is absolutely correct. All right. Thank you. Any other discussion? All right.
Senator Jimmy Hickey, Jr
Unverified
35:45
All right. Anyone of your audience want to speak for it, against it? You closed? I'm closed. Make a motion do pass. All right. Senator Boyd makes a motion do pass. Senator Petty is a second. Any discussion? All in favor say aye. Aye. Any opposed? Okay. That bill's passed. Representative Vaught, I think
Chair (Senator Jimmy Hickey, Jr)
Unverified
36:11
you're up. All right. You're going to be doing House Bill 1594. Is that
Speaker 66
36:15
correct? This has nothing to do with, this doesn't have anything to do with vegetable gardens.
Speaker 5
36:20
I promise, no vegetable garden. Would you text him and tell him we're closed? You want
Representative DeAnn Vaught
Unverified
36:30
me to put this here? Oh, I've got it. You've got it. Thank you. Dan
Chair (Senator Jimmy Hickey, Jr)
Unverified
36:38
Bot, District 87. What's your number again? 1594.
All right. Members, 1594, House Bill. No members. Okay. If y'all just both introduce yourself,
Senator Jimmy Hickey, Jr
Unverified
36:48
if you haven't already done that, and then you can begin.
Representative DeAnn Vaught
Unverified
36:52
Paul Gehring, DFA. Dan Vaught, District 80, no, yeah, 87. All right. I'm sorry, it's been a long day. I understand. You're recognizing. Thank you, sir, I appreciate that. I worked with DFA for us to get a bill that was better that got us down to a zero impact. 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 four 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. So I worked with DF&A to make sure that we were doing everything correctly. And I can let
Speaker 17
37:42
Mr. Paul speak to that. Thank you, Representative Vaught. So we worked with Representative Vaught on some changes to the bill. The bill now has a $20 fee for initial issuance of the farmer's identification card, a $10 fee that's used for a renewal.
The card will be valid for an eight-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 gonna be required to get this card. a farmer that does not want to get this card 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
and meet the requirements of the bill, they could apply to DFA. If they file a Schedule F with Arkansas or that they establish that they are a commercial farmer, we will then review their application. If everything looks good, we will issue that 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. - Okay,
Chair (Senator Jimmy Hickey, Jr)
Unverified
38:53
members have 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
Senator Jimmy Hickey, Jr
Unverified
39:03
this particular thing. I do have one question, more informational purposes for me. Our retailers that now will be able to do this, do they need any type of education or do they just know that, how do they know now that they're going to be, that
Speaker 17
39:20
this card's going to be coming? How would we handle that? So 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 important 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 card that they can present.
Speaker 13
39:51
They won't have to go in and fill out a form every time that they have a transaction. -
Chair (Senator Jimmy Hickey, Jr)
Unverified
39:57
Sure, great, okay. Thank you for that. Any questions?
Anyone from the audience want to speak for it? Anyone want to speak against it? - You closed? - I'm closed. - Okay, we have a motion. Motion by Senator Caldwell, second by Senator Crow. Any discussion, Senator Boyd? - I just
Senator Justin Boyd
Unverified
40:15
want to say thank you for bringing this. This is really important to my farmers on a border town
Senator Jimmy Hickey, Jr
Unverified
40:23
over in Oklahoma. - Any other discussion? Okay, all in favor say aye. - Aye. - Any opposed? Your bill does pass.
Chair (Senator Jimmy Hickey, Jr)
Unverified
40:33
- Thank you so much. Representative Ball. If you all don't mind, I think Senator Clark is on his way. No one else is here to present a bill. Senator Clark, we have text him, and he's going to be doing, what's that number whenever he gets here? - 1522. - 1522. - Yes sir, Representative
Speaker 153
40:59
will make it. - Did he text you back? - Yeah, they text me back, yeah. - Let me call.
Unknown speaker
41:04
Thank you.
Did he say where he went? I don't mean it doesn't mean it's more. Go find him.
Call me if you're aware of it. Yes, sir.
Thank you.
Thank you.
Speaker 162
43:34
What number are you presenting? House Bill
Speaker 140
43:41
1522. We only have four members. One, two, yep.
Chair (Senator Jimmy Hickey, Jr)
Unverified
43:46
All right, members. Senator Clark is
Senator Jimmy Hickey, Jr
Unverified
43:50
here to present House Bill 1522. Senator Clark, if you don't mind, just introduce yourself and you can begin. Alan
Senator Alan Clark
Unverified
44:01
Clark, State Senate, District 7.
The, if y'all ask me any questions about this bill, you're going to have to loan me your reading glasses because I just left them laying down in the other committee room. So, this bill is mostly technical corrections that spells out 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, because the county will no longer be responsible for the municipality. And it's really, we have a particular situation, but it's forever a situation that arises. Be happy to take any
Speaker 165
44:59
questions. Any of the members have any questions in regards to this? It has no fiscal impact, I should have said. Senator Dysmayne? And I'm
Senator Jonathan Dismang
Unverified
45:08
assuming other people have laid eyes on it and the Municipal League and others have essentially,
I guess, said this is a fine process.
Senator Alan Clark
Unverified
45:18
I mean, it looked like it was pretty straightforward. Yes, this will fit every case, big, small, and different. It's just updating the wording, really, is
Senator Jimmy Hickey, Jr
Unverified
45:30
what it's doing. - Okay, any other questions from any members? Anyone from the audience? Paul,
you have a question? - No sir. - Do you have nay? Okay, fair enough. No questions from the audience?
Senator Crowell makes a motion to do pass. Senator--
Speaker 167
45:48
- I'm closed. - Oh, I'm sorry. - Appreciate
Senator Jimmy Hickey, Jr
Unverified
45:50
a good vote. - Senator Crowell makes a motion to do pass. Senator Caldwell makes a second. Any discussion? All
Chair (Senator Jimmy Hickey, Jr)
Unverified
45:59
in favor say aye. Any opposed? Okay, that carries. - Thank you, Mr. Chair, 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 Dismayne said this morning, I guess the staff's going to go through
before the next meeting and try to get a indication from those members that are on the active list, whether or not they are going to present their bill. If they're not, we're going to move them off. Okay, anything else? Okay, 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 9
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 153
Speaker 162
Speaker 140
Senator Alan Clark
Unverified
Speaker 165
Speaker 167