All Roll Calls
Yes: 114 • No: 3
ArkansasSB5302025 Regular SessionSenateWALLET
TO AMEND THE ARKANSAS WOOD ENERGY PRODUCTS AND FOREST MAINTENANCE INCOME TAX CREDIT.
Sponsored By: Breanne Davis (Republican), Rick Beck (Republican)
Enacted
Personalized for You
How does this bill affect your finances?
Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.
Bill Overview
Analyzed Economic Effects
3 provisions identified: 2 benefits, 1 costs, 0 mixed.
Broader Credit Access for Wood Businesses
For tax years beginning on or after January 1, 2026, the law broadens eligible wood materials and equipment, including bark and mill leftovers. Qualifying projects use low-value wood materials, including forest thinnings, unwanted treetops, and damaged or diseased trees, to make wood-energy products. Covered processing equipment must be in Arkansas on the tax year’s last day and used only there; highway-licensed or normally licensable vehicles and trailers remain excluded. All project facilities must have certified closing dates before June 30, 2028, replacing the earlier deadline of before December 31, 2023. Owners must certify, and Arkansas must verify, that capital and borrowing cover a site, engineering, equipment, and starting construction.
Later Credit-Sale Reporting for Credit Holders
The law moves the credit-transfer notice requirement’s start from July 1, 2021, to July 1, 2026. Covered taxpayers and public retirement systems must report planned credit sales or transfers for value to Arkansas’s finance department. Notices are due by July 15 each subsequent year and include specified credits expected to be certified during that fiscal year. Existing limits on credit sales and transfers still apply.
Smaller Credits, Higher Bars for Wood Businesses
For tax years beginning on or after January 1, 2026, Arkansas cuts the wood-energy equipment credit from 30% to 20%. Certified owners of qualified projects or expansion projects must run a qualifying wood-processing business and buy equipment after their incentive agreement’s date. Project certification requires more than $1 billion in planned investment, up from $50 million, and 400 net new full-time permanent jobs, up from 100. Those jobs must average at least $60,000 yearly; projects must cover Arkansas facilities under common ownership, with construction starting no earlier than January 1, 2020. Projects must be named in a state incentive agreement, receive state designation, and pass a cost-benefit review by the commission and Office of Economic Analysis and Tax Research.
Sponsors & Cosponsors
Sponsors
Breanne Davis
Republican • Senate
Rick Beck
Republican • House
Cosponsors
Brandon Achor
Republican • House
Wade Andrews
Republican • House
Blake Johnson
Republican • Senate
Sonia Eubanks Barker
Republican • House
Howard M. Beaty, Jr.
Republican • House
Mary Bentley
Republican • House
Harlan Breaux
Republican • House
Cameron Cooper
Republican • House
Paul Childress
Republican • House
Nicole Clowney
Democratic • House
Cindy Crawford
Republican • House
James Eaton
Republican • House
Les D. Eaves
Republican • House
Jon S. Eubanks
Republican • House
Scott Flippo
Republican • Senate
Tony Furman
Republican • House
Jimmy Gazaway
Republican • House
Ben Gilmore
Republican • Senate
Zack Gramlich
Republican • House
Brad Hall
Republican • House
RJ Hawk
Republican • House
Bart Hester
Republican • Senate
Mike Holcomb
Republican • House
Steve Hollowell
Republican • House
Missy Irvin
Republican • Senate
Jonathan Dismang
Republican • Senate
Jane English
Republican • Senate
Jamie Scott
Democratic • Senate
Lane Jean
Republican • House
Joey L. Carr
Republican • House
Kendra Moore
Republican • House
Matt Brown
Republican • House
Mark Johnson
Republican • Senate
Matt McKee
Republican • Senate
Stephen Magie
Democratic • House
Rick McClure
Republican • House
Jessie McGruder
Democratic • House
Jon Milligan
Republican • House
Stetson Painter
Republican • House
Mark Perry
Democratic • House
Aaron Pilkington
Republican • House
Terry Rice
Republican • Senate
Marcus E. Richmond
Republican • House
Johnny Rye
Republican • House
Stan Berry
Republican • House
Stephen Meeks
Republican • House
Joy Springer
Democratic • House
Matt Stone
Republican • Senate
Jeff Wardlaw
Republican • House
Les Warren
Republican • House
Jim Wooten
Republican • House
Roll Call Votes
House vote • 4/9/2025
House Vote - Wednesday, April 9, 2025 7:25:45 PM
Yes: 82 • No: 3 • Other: 13
Senate vote • 4/3/2025
Senate Vote - Thursday, April 3, 2025 3:34:35 PM
Yes: 32 • No: 0 • Other: 1
Actions Timeline
Notification that SB530 is now Act 701
4/18/2025SenateDELIVERED TO GOVERNOR.
4/10/2025SenateReported correctly enrolled and ordered delivered to the Governor.
4/10/2025SenateORDERED ENROLLED
4/9/2025SenateReturned from the House as passed.
4/9/2025SenateReturned to the Senate as passed.
4/9/2025HouseRead the third time and passed and ordered transmitted to the Senate.
4/9/2025HouseReturned by the Committee Do Pass
4/8/2025HouseRead the first time, rules suspended, read the second time and referred to the Committee on REVENUE & TAXATION- HOUSE
4/3/2025HouseRECEIVED FROM THE SENATE
4/3/2025HouseOrdered immediately transmitted to the House.
4/3/2025SenateRead the third time and passed.
4/3/2025SenateReturned by the Committee, with the recommendation that it Do Pass
4/2/2025SenateRe-referred to REVENUE & TAX - SENATE
4/1/2025SenateREPORTED CORRECTLY ENGROSSED
4/1/2025SenateAmendment # 1 read the first time, rules suspended, read the second time and adopted, ordered engrossed.
4/1/2025SenateWithdrawn from Committee and placed on 2nd reading for purpose of amendment # 1
4/1/2025SenateRead first time, rules suspended, read second time, referred to REVENUE & TAX - SENATE
3/19/2025SenateFiled
3/19/2025Senate
Bill Text
SB530 - Introduced
3/19/2025
Act Version
Related Bills
HB1265, AN ACT FOR THE UNIVERSITY OF ARKANSAS AT LITTLE ROCK APPROPRIATION FOR THE 2025-2026 FISCAL YEAR.
HB1686, TO AMEND THE LAW CONCERNING LICENSES TO CARRY CONCEALED HANDGUNS.
HB1237, TO PROHIBIT MEDICAL PROFESSIONALS FROM SOLICITING INJURED INDIVIDUALS; AND TO SET PENALTIES FOR A VIOLATION OF THE PROHIBITION OF SOLICITATION OF INJURED INDIVIDUALS.
SB440, TO AMEND THE LAW CONCERNING EMBALMERS AND FUNERAL DIRECTORS; TO REGULATE THE USE OF ALKALINE HYDROLYSIS; AND TO REGULATE ALKALINE HYDROLYSIS FACILITIES.
HB1695, TO CLARIFY THE FORECLOSURE PROCESS FOR PROPERTY SUBJECT TO A MUNICIPAL LIEN; TO ALLOW A MUNICIPALITY TO PETITION TO SET ASIDE THE SALE OF PROPERTY TO CERTAIN PERSONS; AND TO PROVIDE FOR THE PRIORITY OF UNRECORDED MUNICIPAL LIENS.
HR1012, TO AMEND THE RULES OF THE HOUSE OF REPRESENTATIVES OF THE NINETY-FIFTH GENERAL ASSEMBLY; TO REQUIRE THAT A MEMBER OF THE HOUSE OF REPRESENTATIVES BE SELECTED AS A DESIGNATED SURVIVOR.