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AR SB857
Bill
Status
Failed
4/27/2011
Primary Sponsor
Jason Rapert
Click for details
AI Summary
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Creates a new exemption under Arkansas Code § 26-51-313 exempting net capital gains from cattle sales from state income tax under the Income Tax Act of 1929.
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Establishes the "Arkansas Cattleman and Dairyman Relief Act" as the official name of this legislation.
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Applies effective for tax years beginning on or after January 1, 2011.
Legislative Description
To Create An Exemption From The Income Tax For Gains Derived From The Sale Of Cattle.
Last Action
Senate Sine Die adjournment
4/27/2011
Committee Referrals
Revenue and Taxation3/31/2011
Revenue & Taxation3/7/2011
Full Bill Text
No bill text available