Bill
SB 568
TO AMEND THE LAW CONCERNING THE TAXES APPLICABLE TO LITHIUM EXTRACTION AND DEVELOPMENT; TO PROVIDE A SALES AND USE TAX EXEMPTION FOR LITHIUM RESOURCE DEVELOPMENT; AND TO AMEND THE LAW CONCERNING THE SEVERANCE TAX ON LITHIUM.
2025 Regular Session
Introduced by Wade Andrews and 7 co-sponsors
SB 568 boosts Arkansas' lithium industry by exempting qualified firms from sales taxes and modifying severance taxes, promoting investment and job creation in renewable energy.
Notification that SB568 is now Act 1012