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AR HB1025
Bill
Status
Failed
4/27/2011
Primary Sponsor
Robert Altes
Click for details
AI Summary
- Allows a $1,000 income tax credit against state income tax for taxpayers with a dependent child four years of age or younger
- Requires the taxpayer's spouse to be unemployed and not a full-time student during the tax year in which the credit is claimed
- Limits eligibility to taxpayers with adjusted gross income not exceeding $32,000 in the tax year for which the credit is claimed
- Caps the credit at the amount of income tax actually due by the taxpayer in that tax year
- Effective for tax years beginning on or after January 1, 2011
Legislative Description
To Provide An Income Tax Credit For A Parent Who Chooses To Stay At Home With His Or Her Young Child.
Last Action
House Died in House Committee at Sine Die adjournment.
4/27/2011
Committee Referrals
Revenue and Taxation1/10/2011
Full Bill Text
No bill text available