SB 530 Arkansas Senate · 2025 Regular Session

TO AMEND THE ARKANSAS WOOD ENERGY PRODUCTS AND FOREST MAINTENANCE INCOME TAX CREDIT.

SB 530 is a procedural bill that added 21 senators and 37 representatives as cosponsors to the original bill. It did not change the tax credit policy itself, as the title references an existing Arkansas Wood Energy Products and Forest Maintenance Income Tax Credit. The bill's purpose was solely to expand the list of legislators supporting the tax credit legislation. The bill was passed and became Act 701 on April 18, 2025. No substantive policy changes to the tax credit were made by this amendment.

Bill status signed all 5 stages cleared

Introduction

Mar 2025

Committee Review

Apr 2025

Senate Passage

Apr 2025

House Passage

Apr 2025

Signed into Law

Apr 2025

Introduced Mar 19, 2025 Signed Apr 18, 2025

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What changed between versions

Act 701 → SB 530 · 5 edits

MODERATE

This bill significantly expands eligibility for tax incentives related to wood energy projects in Arkansas by increasing investment thresholds, extending project timelines, and raising job creation requirements. The changes aim to attract larger-scale investments and support long-term forest industry development.

Scope change

The bill's scope expanded from smaller-scale projects to larger investments, with eligibility now requiring $1 billion in projected investment instead of $50 million, and extending the project closing deadline from December 2023 to June 2028.

FISCAL

Increased minimum projected investment requirement from $50 million to $1 billion for qualified wood energy projects

REQUIREMENT

Raised net new full-time permanent employee requirement from 100 to 400 positions with average annual wage of at least $60,000

TIMELINE

Extended project closing date from December 31, 2023 to June 30, 2028 to allow more time for capital acquisition and construction

ELIGIBILITY

Modified construction commencement requirement to allow projects starting by the date specified in the incentive agreement, with no earlier than January 1, 2020

DEFINITION

Updated definition of wood energy products equipment to include devices connected with machinery that produce energy with wood power

Floor votes

How they voted

This bill passed the Senate by voice vote (no roll call recorded).

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Apr 18, 2025

Signed into law

Notification that SB530 is now Act 701

upper

Apr 10, 2025

Upper · Passed

Returned from the House as passed.

upper

Apr 10, 2025

Lower · Passed

Returned to the Senate as passed.

lower

Apr 10, 2025

Lower · Passed

Read the third time and passed and ordered transmitted to the Senate.

lower

Apr 8, 2025

Lower · Passed

Returned by the Committee Do Pass

lower

Apr 3, 2025

Upper · Passed

Read the third time and passed.

upper

Apr 2, 2025

Upper · Passed

Returned by the Committee, with the recommendation that it Do Pass

upper

Apr 1, 2025

Committee

Re-referred to REVENUE & TAX - SENATE

upper

Mar 19, 2025

Introduced

Filed

upper

2 primary · 51 co-sponsors