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Senate Revenue & Tax committee advances multiple tax measures; procedural fix expunges and re-enters SB314
Summary
The Arkansas Senate Revenue & Tax Committee on voice votes advanced a package of tax bills including SB207 (moving certain corporate franchise fees into the state treasury), SB314 (extension for a U.S. Steel facility, adopted as amended after an expunged vote), SB419 (medical-marijuana privilege tax extension), SB434 (lowering the electronic-filing threshold), HB1523 (youth nonprofit sales cleanup) and a homestead/catastrophic reserve bill; several passed by voice vote with no recorded roll-call.
The Senate Revenue & Tax Committee met and approved a slate of tax-related measures on voice votes, moving a mix of revenue-technical bills, industry-targeted incentives and administrative changes forward.
Chair opened the meeting and listed the day's agenda before members considered SB207, described by supporters as a technical change shifting fees that a third-party vendor currently collects for the corporate franchise tax to the state treasury. Senator Blake Johnson presented the item and a motion to pass was seconded by Senator Crowell; the committee approved the bill by voice vote.
Senate Bill 314 drew more procedural attention. An amendment adding a House cosponsor was adopted, and sponsor Senator Dave Wallace presented the bill as an extension of a closing date for a qualified steel specialty-products manufacturing facility tied to U.S. Steel. Wallace said state…
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