House approves $10 million tax cut for ag industry

LITTLE ROCK — The House on Monday approved a $10 million tax exemption for the agriculture industry.

House Bill 1039 by Rep. Jeff Wardlaw would create a tax exemption for utilities on certain agricultural structures and equipment, including commercial chicken houses.

The Beebe administration opposes the tax cut, which is not part of Gov. Mike Beebe’s balanced budget proposal. House Speaker Davy Carter, R-Cabot, has said he supports passing up to $150 million in tax cuts this session.

HB 1039 passed 90-0 and goes to the Senate.