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Committee pulls House Bill 1491 to active agenda to consider excise tax credit for beer and sake using Arkansas rice
Summary
House Bill 1491, a bill to create an excise tax credit for beer and sake using Arkansas rice, was pulled from the committee's deferred agenda to the active agenda by unanimous consent. DFA staff described the fiscal impact as undetermined but provided counts and a top-line tax-collection figure for accounts that could qualify.
House Bill 1491, filed by Representative Ordlau, was moved from the committee's deferred agenda to the active agenda by the Senate Revenue & Tax Committee without objection. The bill would create an excise tax credit for certain beer and sake products that use Arkansas-grown rice.
Paul Gehring of the Department of Finance and Administration told the committee the fiscal impact is undetermined. Gehring said the department reviewed accounts that remit the applicable tax levies and identified about 40 accounts that collect those levies. He estimated roughly $12,400,000 in total taxes are collected among those accounts but cautioned that not every account or product would qualify for the credit and that the proposed credit is a partial—not 100%—credit. "It's nowhere near would it be the the would eliminate the full 12,400,000.0. It would be a a small percentage of that," Gehring said.
Committee members signaled they had at least five members willing to pull the bill off the deferred list; the chair observed Senator Dismang had signed and, without objection, placed House Bill 1491 on the committee's active agenda for further consideration. The transcript does not include a committee vote on the bill nor details of the credit's structure or eligibility criteria; those details were not available in the packet presented at the hearing.
Committee staff indicated the bill package would be provided to members and that the committee planned to consider additional bills after the budget meeting adjourned.
Because the fiscal impact was recorded as undetermined in committee, full fiscal analysis and eligibility details remain to be provided for committee review.
