---
type: "Bill"
title: "TO AMEND THE DEFINITION OF “PROJECT COSTS” UNDER THE CONSOLIDATED INCENTIVE ACT OF 2003; AND TO EXTEND THE TIME PERIOD DURING WHICH PROJECT COSTS MAY BE INCURRED FOR CERTAIN RETENTION TAX CREDIT PROJECTS."
description: "TO AMEND THE DEFINITION OF “PROJECT COSTS” UNDER THE CONSOLIDATED INCENTIVE ACT OF 2003; AND TO EXTEND THE TIME PERIOD DURING WHICH PROJECT COSTS MAY BE INCURRED FOR CERTAIN RETENTION TAX CREDIT PROJECTS."
jurisdiction: "us/states/ar"
legislature: "Arkansas Legislature"
session: "2021"
identifier: "SB 566"
citation: "Arkansas SB 566 (2021)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["D. Wallace", "Jett"]
version_count: 4
action_count: 24
vote_count: 2
first_action: "2021-03-17T21:56:25+00:00"
last_action: "2021-04-26T19:14:59+00:00"
source: "openstates"
source_identifier: "ocd-bill/622be7ee-1be6-4563-919e-2e1ceba037dc"
source_url: "ftp://www.arkleg.state.ar.us/SessionInformation/LegislativeMeasures.txt"
source_hash: "3eb5be56117ce0aee8a70960d34ec9d86ca18f73f12aa8de50759fae899a3c56"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-ar"]
---

# Arkansas SB 566 (2021) — TO AMEND THE DEFINITION OF “PROJECT COSTS” UNDER THE CONSOLIDATED INCENTIVE ACT OF 2003; AND TO EXTEND THE TIME PERIOD DURING WHICH PROJECT COSTS MAY BE INCURRED FOR CERTAIN RETENTION TAX CREDIT PROJECTS.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Amendment S1** (committee substitute) — [source](http://www.arkleg.state.ar.us/Bills/FTPDocument?path=%2FAMEND%2F2021R%2FPublic%2FSB566-S1.pdf)
2. **Amendment S2** (committee substitute) — [source](http://www.arkleg.state.ar.us/Bills/FTPDocument?path=%2FAMEND%2F2021R%2FPublic%2FSB566-S2.pdf)
3. **Amendment S3** (committee substitute) — [source](http://www.arkleg.state.ar.us/Bills/FTPDocument?path=%2FAMEND%2F2021R%2FPublic%2FSB566-S3.pdf)
4. **SB 566** (committee substitute) — [source](ftp://www.arkleg.state.ar.us/Bills/2021R/Public/Searchable/SB566.pdf)

## Votes

- Read the third time and passed and ordered transmitted to the Senate. — **93–0** (pass) · lower
- Read the third time and passed. — **33–0** (pass) · upper

## Sponsors

- D. Wallace — primary (person)
- Jett — primary (person)
- M. Hodges — cosponsor (person)
- Rye — cosponsor (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2021-03-17T21:56:25+00:00** Filed `introduction`
- **2021-03-17T22:34:44+00:00** Read first time, rules suspended, read second time, referred to AGRICULTURE, FORESTRY & ECONOMIC DEVELOPMENT - SENATE `reading-1, referral-committee`
- **2021-03-30T18:57:52+00:00** Returned by the Committee, with the recommendation that it Do Pass `committee-passage-favorable`
- **2021-03-31T19:35:12+00:00** Re-referred to REVENUE & TAX - SENATE `referral-committee`
- **2021-04-13T13:13:18+00:00** Withdrawn from Committee for purpose of amendment # 1 and # 2
- **2021-04-13T13:13:48+00:00** Amendment # 1 and # 2 read the first time, rules suspended, read the second time and adopted, ordered engrossed.
- **2021-04-13T18:12:29+00:00** REPORTED CORRECTLY ENGROSSED
- **2021-04-13T18:12:41+00:00** Re-referred to REVENUE & TAX - SENATE `referral-committee`
- **2021-04-14T18:47:28+00:00** Returned by the Committee with the recommendation that it Do Pass as amended, Amendment # 3 `committee-passage-favorable`
- **2021-04-15T18:44:38+00:00** Placed on second reading for purpose of amendment.
- **2021-04-15T18:44:52+00:00** Amendment # 3 read the first time, rules suspended, read the second time and adopted, ordered engrossed.
- **2021-04-15T21:52:55+00:00** REPORTED CORRECTLY ENGROSSED
- **2021-04-19T18:38:44+00:00** Read the third time and passed. `passage, reading-3`
- **2021-04-19T18:38:59+00:00** Ordered immediately transmitted to the House.
- **2021-04-19T22:14:44+00:00** RECEIVED FROM THE SENATE
- **2021-04-19T23:09:42+00:00** Read the first time, rules suspended, read the second time and referred to the Committee on REVENUE & TAXATION- HOUSE `reading-1, reading-2, referral-committee`
- **2021-04-20T22:54:25+00:00** Returned by the Committee Do Pass `committee-passage`
- **2021-04-21T20:55:04+00:00** Read the third time and passed and ordered transmitted to the Senate. `passage, reading-3`
- **2021-04-21T20:55:10+00:00** Returned To the Senate as passed.
- **2021-04-22T01:53:45+00:00** Returned from the House as passed.
- **2021-04-22T01:53:47+00:00** ORDERED ENROLLED
- **2021-04-22T17:10:24+00:00** Reported correctly enrolled and ordered delivered to the Governor.
- **2021-04-22T17:10:30+00:00** DELIVERED TO GOVERNOR. `executive-receipt`
- **2021-04-26T19:14:59+00:00** Notification that SB566 is now Act 911 `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/622be7ee-1be6-4563-919e-2e1ceba037dc`. Confidence: reported (aggregated from official Arkansas legislature records).