Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Committee advances seven‑year phase‑out of corporate "throwback" rule
Summary
House Bill 1045, presented by Representative Howard Beatty (D-95), would phase out the corporate throwback sourcing rule over seven years to reduce an immediate $74,000,000 fiscal hit and make Arkansas more competitive for manufacturers and distribution centers; the Department of Commerce and the Arkansas State Chamber of Commerce testified in support and the committee advanced the bill by voice vote.
Representative Howard Beatty (D-95) told the Senate Revenue & Tax Committee that House Bill 1045 would phase out the corporate "throwback" sourcing rule over seven years to help attract manufacturers and distribution centers to Arkansas.
"Repealing the throwback rule will make Arkansas more attractive to manufacturers and wholesalers by not taxing income from sales shipped to other…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
