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Committee hears SB 26 to exempt coal used in manufacturing from sales tax to match gas and electricity
Summary
Senators heard SB 26, sponsored by Sen. James Sturtch, to add coal to sales tax exemptions for energy used directly in manufacturing. A company witness said the change would improve competitiveness; DFA estimated state sales tax losses of $537,000 (8 months) and $826,000 (12 months). No vote was taken.
Senate Revenue & Tax Committee — The panel considered Senate Bill 26, a proposal to add coal used directly in manufacturing to an existing sales tax exemption for energy inputs.
Senator James Sturtch introduced the bill and said it responds to requests from manufacturers in his district. He called it an effort to extend the treatment already applied to electricity and natural gas to coal so Arkansas manufacturers are not at a regional disadvantage.
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