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Committee advances tax credit to encourage breweries to use Arkansas rice
Summary
House Bill 1491, sponsored by Representative Jeff Wardlaw, would create a targeted tax incentive to encourage breweries and sake producers to use Arkansas rice as an ingredient. Sponsor estimates the cost at roughly $1 million annually and said most of Arkansas rice is sold to the brewery market.
The Senate Revenue & Tax Committee advanced House Bill 1491 after hearing from the bill sponsor, Representative Jeff Wardlaw. The bill would create a small state tax credit intended to encourage breweries, sake producers and wholesalers to use Arkansas rice as an ingredient, with mechanisms intended to keep the tax benefit and resulting sales within Arkansas.
Representative Jeff Wardlaw, who said he works “in the…
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