Loading chat...

AR HB1924

Bill

Official Source

Status

Passed

3/24/2011

Primary Sponsor

Johnnie Roebuck

Click for details

Origin

House of Representatives

88th General Assembly (2011 Regular)

AI Summary

  • Adds tax-deferred college savings plan deposits to the list of authorized payroll deductions for Arkansas state employees under Arkansas Code § 19-4-1602(a)
  • Permits payroll deductions for deposits into the Arkansas Tax-Deferred Tuition Savings Program under § 6-84-101 et seq. or similar tax-deferred savings programs established by other states under 26 U.S.C. § 529, as it existed on January 1, 2007
  • Requires the tax-deferred savings plan to be in existence at the time the payroll deduction request is made
  • Requires state employees to provide their tax-deferred tuition savings account information to the Department of Finance and Administration so deductions can be credited to the appropriate account

Legislative Description

To Revise The Payroll Deductions For State Employees To Include Deposits Into A Tax-deferred College Savings Plan.

Last Action

House Notification that HB1924 is now Act 702

3/24/2011

Committee Referrals

Education3/14/2011
Education3/4/2011

Full Bill Text

No bill text available