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AR SB159
Bill
Status
Failed
4/27/2011
Primary Sponsor
Jonathan Dismang
Click for details
AI Summary
- Increases the income tax exemption for armed services members in Arkansas from $9,000 to $12,000 of service pay or allowances for tax years beginning January 1, 2011 and after
- Maintains the existing $6,000 exemption for tax years before January 1, 2007
- Maintains the $9,000 exemption for tax years 2007 through 2010 for all armed services members
- Applies the new $12,000 exemption to any member of the armed services of the State of Arkansas or the United States
- Effective for tax years beginning on or after January 1, 2011
Legislative Description
To Increase The Income Tax Exemption For Armed Services Pay.
Last Action
Senate Sine Die adjournment
4/27/2011
Committee Referrals
Revenue & Taxation1/27/2011
Full Bill Text
No bill text available