Arkansas · 2025 Regular Session · 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.

Enacted Last action April 23, 2025: Notification that SB568 is now Act 1012

Plain-language summary

SB 568 is a bill introduced in the Arkansas Senate on March 27, 2025. According to its official title, it concerns: 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. Primary sponsor: Lane Jean (Republican), Steve Crowell (Republican). It lists 6 additional sponsors. Most recent recorded action (April 23, 2025): Notification that SB568 is now Act 1012.

Sponsors

Primary sponsors: Lane Jean (Republican); Steve Crowell (Republican). 6 co-sponsors.