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Committee backs SB 10 incentive package tied to US Steel expansion in Northeast Arkansas
Senate Revenue and Tax Committee · December 7, 2021
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Summary
Senators advanced SB 10, a bill authorizing tax credits and incentives tied to a proposed US Steel expansion that supporters say would mean more than $3 billion in new capital investment and roughly 700 direct jobs at high wages for Northeast Arkansas.
LITTLE ROCK — The Senate Revenue and Tax Committee approved SB 10, an economic‑development package supporters say will secure a major expansion from US Steel in Northeast Arkansas.
Senator Wallace, presenting the measure, said the project would bring more than $3 billion in new capital investment in addition to prior investments…
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