December 30, 2020
By:
Walter G. Wright
Category:
Arkansas Environmental, Energy, and Water Law
Arkansas Environmental, Energy, and Water Law
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The 93rd Arkansas General Assembly will convene for regular session on January 11, 2021.
The pre-filing of bills and resolutions began on November 16th.
Senate Bill 26 was filed on December 28th. It amends the Arkansas Code provisions addressing the sales and use tax rate for certain utilities used by manufacturers.
Ark. Code Ann. § 26-52-319 currently provides that the gross receipts or gross proceeds tax levied in §§ 26-52-301 and 26-52-303 is levied at a rate of zero percent on the sale of natural gas and electricity to a manufacturer for use directly in the actual manufacturing process (subject to a certain provision in (B)).
Senate Bill 26 would amend this provision to include coal.
The sponsors of Senate Bill 26 include:
- Senator James Sturch
- Representative Stu Smith
A copy of SB 26 can be downloaded here.
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