This bill establishes an income tax credit specifically for property taxes paid on certain poultry structures, aimed at alleviating the financial burden on poultry farmers in Arkansas. The new section added to the Arkansas Code defines "poultry structure" to include various facilities used for the commercial production of poultry, such as broiler houses, laying houses, and hatching units. The bill allows taxpayers to claim a credit equal to 20% of the real property tax paid on each poultry structure they own during the tax year. Additionally, if the credit exceeds the taxpayer's income tax liability, the excess amount will be refunded.

The bill is set to take effect for tax years beginning on or after January 1, 2023. This initiative is designed to support the poultry industry by providing financial relief through tax incentives, thereby encouraging the growth and sustainability of poultry farming in the state.