REVENUE & TAX - SENATE - Apr 05, 2019

REVENUE & TAX - SENATE · April 5, 2019

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Concurrence on Senate Bill 576

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Chair opens the meeting and recognizes Senator Hester to present concurrence on Senate Bill 576. Committee agrees to concur in House amendment 1 (motion by Senator Mount, second by Senator Johnson); voice vote passes without recorded opposition.

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Actions:concur house amendment sb576

A Senate Revenue & Tax committee met to consider concurrence on Senate Bill 576 and to hear two House bills: HB 19‑11 (adopt federal grantor trust provisions into Arkansas law) and HB 18‑45 (sales‑tax treatment for total‑loss vehicle settlements). Lawmakers debated retroactivity, DFA authority and an estimated $20,000,000 fiscal impact; HB 19‑11 was passed as amended and HB 18‑45 failed.

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