Ark. Gov. Vetoes Tax Exemption For Fracking Material

Law360, New York (March 17, 2014, 8:20 PM EDT) -- Arkansas Gov. Mike Beebe on Monday vetoed a legislative proposal that would have created a new tax exemption for materials and fluids used during hydraulic fracturing, saying lawmakers didn't follow the normal procedure for changing the state's tax laws.

The governor invoked a line-item veto to nix a provision that would have expanded Arkansas' gross receipts tax exemption for machinery and equipment to include sand and other so-called “proppants” used to complete or expand an oil or gas well. The language was added on to a...
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