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Committee pulls House Bill 1491 from deferred agenda; bill would create excise tax credit for beer and sake using Arkansas rice
Summary
House Bill 1491, sponsored by Representative Ordlau, was moved from the committee's deferred agenda to the active agenda. The bill would create an excise tax credit for certain beer and sake that use Arkansas rice; DFA said the fiscal impact is undetermined but provided account and collection estimates.
The committee moved House Bill 1491, Representative Ordlau's measure to create an excise tax credit for certain beer and sake using Arkansas rice, from the deferred agenda to the active agenda after members indicated they had enough signatures to pull the bill.
Paul Gehring of the Department of Finance and Administration told the committee the fiscal impact is "undetermined," but DFA staff reviewed the number of accounts that currently remit the relevant excise tax: roughly 40 accounts with about $12,400,000 in total taxes collected across those accounts. Gehring said not every account would be eligible for the proposed partial credit and that the credit would not equal the full $12.4 million figure.
Committee members asked whether the bill could be pulled from deferred status; five members were willing to pull it off the deferred list, including a written signatory from Senator Dismang, so the chair moved it to the active agenda "without objection." The committee agreed to hear the bill once printed and distributed to members; staff said copies were being obtained from the House.
No final vote on the bill occurred during the session excerpt in the transcript; committee staff and sponsors said they would present the bill after members received the printed copies.
