Arkansas · 2025 Regular Session · Bill

HB 1216: TO CREATE THE FREE MARKET ZONES ACT; AND TO EXEMPT A BUSINESS LOCATED IN AN OPPORTUNITY ZONE FROM THE INCOME TAX, THE CORPORATE FRANCHISE TAX, AND THE ELECTIVE PASS-THROUGH ENTITY TAX.

In committee Last action May 5, 2025: Died in House Committee at Sine Die adjournment.

Plain-language summary

HB 1216 is a bill introduced in the Arkansas House on January 23, 2025. According to its official title, it concerns: TO CREATE THE FREE MARKET ZONES ACT; AND TO EXEMPT A BUSINESS LOCATED IN AN OPPORTUNITY ZONE FROM THE INCOME TAX, THE CORPORATE FRANCHISE TAX, AND THE ELECTIVE PASS-THROUGH ENTITY TAX. Primary sponsor: Wayne Long (Republican). Most recent recorded action (May 5, 2025): Died in House Committee at Sine Die adjournment.

Sponsors

Primary sponsor: Wayne Long (Republican).