CONCERNING THE EXCISE TAX ON CERTAIN BEER AND SAKE; TO CREATE AN EXCISE TAX CREDIT FOR CERTAIN BEER AND SAKE PRODUCED USING ARKANSAS RICE; AND FOR OTHER PURPOSES.

House Bill 1491 modifies the excise tax on certain beer and sake. The bill establishes a new excise tax credit for producers of beer and sake. To qualify for this credit, the beer and sake must be made using Arkansas rice. This credit allows eligible producers to reduce the amount of excise tax they owe.