There are many bills introduced that stand no chance, but give the legislator a chance to show their constituents that they're doing something. They then get to blame the opposition for its defeat. (Even if it's actually shot down by their own party.)
That happens at both the state and national level. The state level bills are often seen as barometers of national opinion.
I have no idea what the Arkansas legislature consists of, so I don't know if this is serious. It sounds like the kind of thing that gets referred to committee, maybe a few meetings are held, and it's quietly dropped. But they may well consider it seriously -- in which case it's pretty likely that the haircuts part will be dropped, but many other parts remain.