Legislative Roundup: Minimum Wage Bill Would Raise Hourly Rate by $2

by Mark Carter  on Monday, Mar. 4, 2013 12:00 am  

Butch Wilkins

Beebe had said he wouldn’t veto the measure, nor would he sign it. But on a day when he was out of town attending the National Governors Association meeting in Washington, D.C., Darr went ahead and signed it.

The move was symbolic; the bill would’ve become law anyway. Darr’s signature made it law a couple of days sooner.

Meanwhile, a bill that would convert those concealed carry permits to open carry permits failed to advance out of House committee.

Its sponsor, Rep. Sue Scott, R-Rogers, will likely amend and run it again. The proposal failed on a 10-9 vote in the House Judiciary Committee (on which Democrats hold a 13-7 majority).

Beebe did veto the 20-week abortion ban bill last week only to have both chambers override it, and as of Friday was awaiting another abortion ban to reach his desk.

A bill outlawing most procedures after 12 weeks of pregnancy cleared its final hurdle in the Senate on Thursday. Beebe hadn’t said publicly whether he’d veto it as well, but he did say he believed the measure wouldn’t stand up in court.

On Thursday, the House Education Committee voted down a bill by Rep. Homer Lenderman, D-Brookland, which would have allowed Arkansas school districts to pay existing school employees extra money to undergo training and carry guns on school property as a security measure.

Net Operating Loss

A bipartisan measure to extend the period for which a net operating loss could be carried forward for calculating state income tax is ready to begin its legislative journey in the Senate Revenue Committee.

Senate Bill 108 by Sen. Keith Ingram, D-West Memphis, and sponsored in the House by Rep. Jeremy Gillam, R-Judsonia, would extend the carry-forward period by 10 years or until the loss is exhausted or absorbed by the taxable income of a succeeding year, whichever comes first.

According to the Arkansas State Chamber, Arkansas is one of seven states that restricts the carry-forward period to five years only.

More than 40 states permit carry-forward periods of 10 to 20 years and 18 states allow both carry-forward and carry-back periods.

A revenue impact statement from the state’s Department of Finance & Administration estimates revenue loss of $13.6 million for fiscal year 2020, extending out to $63.4 million for FY2024 and beyond.

 

 

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