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Key Votes

SB 275 - Reduction of Excise Tax on Electricity and Natural Gas - Key Vote

Arkansas Key Votes

Ruth Whitaker voted Nay (Passage) on this Legislation.

Read statements Ruth Whitaker made in this general time period.

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Stage Details

Legislation - Signed (Executive) -

Title: Reduction of Excise Tax on Electricity and Natural Gas

Legislation - Concurrence Vote Passed (Senate) (35-0) -
Legislation - Bill Passed With Amendment (House) (94-0) -
Legislation - Bill Passed (Senate) (23-9) - (Key vote)

Title: Reduction of Excise Tax on Electricity and Natural Gas

Vote Smart's Synopsis:

Vote to pass a bill that reduces the excise tax on gross proceeds from the sale of natural gas and electricity to manufacturers, effective July 1, 2011.

Highlights:
  • Reduces the excise tax levied on gross proceeds from the sale of natural gas and electricity to a manufacturer for direct use in the manufacturing process from a rate of 3.125 percent to a rate of 2.625 percent, beginning July 1, 2011 (Sec. 2).
  • Defines "manufacturer" as a generator of electric power who operates a new or existing generating facility that uses combined-cycle gas turbine technology (Sec. 2).
  • Specifies that when the amount of tax savings resulting from this reduction reaches $27 million during a fiscal year, the Director of the Department of Finance and Administration shall not process any further refund claims from taxpayers seeking to claim the reduced tax rate (Sec. 2).
  • Extends the statue of limitations for refunds and amended returns for 1 year (Sec. 2).
  • Specifies the excise tax rate levied on gross proceeds derived from the sale of natural gas and electricity to a manufacturer to operate a new or existing generating facility as follows (Sec. 2):
    • 5.125 percent beginning July 1, 2011;
    • 4.125 percent beginning July 1, 2012; and
    • 2.625 percent beginning July 1, 2013.
  • This act is an emergency act and will become effective on July 1, 2011 (Sec. 4).
Legislation - Introduced (Senate) -

Title: Reduction of Excise Tax on Electricity and Natural Gas

Sponsors

  • Bill Sample (AR - R) (Out Of Office)

Co-sponsors

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