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Committee hears film tax‑incentive change; bill referred to Revenue & Tax
Summary
House Bill 1743 would let film productions choose a rebate or a transferable tax credit and create a mechanism to authorize supplemental credits beyond a $4 million cap; committee discussion focused on fiscal exposure, qualifying expenditures, and the trust‑fund mechanism. Members voted to refer the bill to the Revenue & Tax Committee for further review.
The Senate Agriculture, Forestry & Economic Development Committee heard House Bill 1743, a measure that would amend Arkansas’s film incentive program by allowing qualified productions the option of either the existing rebate or a transferable tax credit. Sponsor Representative Charlene Fite said the change is intended to increase Arkansas’s competitiveness and create more in‑state jobs for crew and service providers.
Under the bill, annually issued tax credits would be capped at $4 million, a figure the sponsor…
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