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AR HB2141
Bill
Status
Failed
5/17/2013
Primary Sponsor
Bruce Westerman
Click for details
AI Summary
- Creates income tax exemption for foreign service personnel employed by the United States Department of State on the first $9,000 of service pay and allowances beginning January 1, 2013
- Defines "foreign service personnel" as individuals employed as foreign service officers or specialists who reside outside the state more than 180 days per calendar year
- Extends existing military pay exemptions to include foreign service officers and specialists to encourage them to designate Arkansas as their state of residency and retirement location
- Exemption applies only to service pay and allowances; income from other sources remains subject to state income tax
- Adopts federal tax provisions from 26 U.S.C. §§ 112 and 692 regarding combat zone compensation and military death benefits
Legislative Description
To Create A Limited Exemption From The Income Tax For Service Pay And Allowances Of Foreign Service Personnel.
Last Action
Died in House Committee at Sine Die adjournment.
5/17/2013
Committee Referrals
Revenue and Taxation3/12/2013
Full Bill Text
No bill text available