Senate Committee on Revenue and Fiscal Affairs
June 21, 2011
8:30 am
John J. Hainkel, Jr. Room
Adjourned
BLUE
= already considered.
RED
= currently being considered.
BLACK
= not yet considered.
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CALL TO ORDER
ROLL CALL
LEGISLATION TO BE CONSIDERED
HCR162
ARNOLD
TAX/INCOME TAX
- Urges and requests the Arkansas Dept. of Finance and Administration to revise its current criteria for determining the existence of a nexus requiring out-of-state businesses to pay Arkansas income tax
HB35
STIAES
TAX/SALES-USE-EXEMPT
- Provides for a sales and use tax exemption for sales of certain property to the "Make It Right Foundation" (EN -$112,000 GF RV See Note)
HB123
RICHARD
TAX/INHERITANCE TAX
- Provides for estate tax apportionment (EN NO IMPACT GF RV See Note)
HB319
SIMON
TAX CREDITS
- Authorizes a credit against individual income tax for the owner of a newly constructed one- or two-family dwelling which includes certain accessible and barrier-free design elements (EN DECREASE GF RV See Note)
HB371
TUCKER
TAX CREDITS
- Authorizes issuance of the Brownfields Investor Tax Credit to eligible taxpayers (RE DECREASE GF RV See Note)
HB455
HARRISON
REVENUE DEPARTMENT
- Provides relative to the confidential character of tax records and the sharing of information regarding postsecondary education and employment information with the La. Board of Regents (RE NO IMPACT GF EX See Note)
HB597
M.JACKSON
TAX CREDITS
- Converts the Angel Investor Tax Credit Program to the Angel Investor Rebate Program and provides for the rebate program (EN -$20,000,000 GF RV See Note)
HB606
ROBIDEAUX
TAX/SALES & USE
- Adds facilities supporting medical physicists residency programs to facilities eligible for the sales and use tax exemption for certain qualifying radiation therapy treatment centers (EN -$80,000 GF RV See Note)
HB614
RICHARD
TAX CREDITS
- Provides relative to the tax credit for overpayments made by certain taxpayers under the Inventory Tax Credit (EN DECREASE GF RV See Note)
HB618
R.JONES
TAX/INCOME TAX
- Revises the definition of "hurricane recovery entity" for purposes of the individual income tax deduction for hurricane recovery benefits (EN NO IMPACT GF RV See Note)
HB629
ELLINGTON
TAX CREDITS
- Creates the La. Entrepreneurial Assistance and Development (LEAD) Program for tax credits for venture capital investments (RE1 SEE FISC NOTE GF RV)
HB641
R.JONES
TAX/SALES & USE
- Provides with respect to the definition of "dealer" for state and local sales and use tax (RE SEE FISC NOTE GF RV See Note)
CONSIDERATION OF ANY OTHER MATTERS THAT MAY COME BEFORE THE COMMITTEE
ADJOURNMENT