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AR HB2183
Bill
Status
Failed
5/17/2013
Primary Sponsor
Justin Harris
Click for details
AI Summary
- Establishes a $500 annual income tax credit for Arkansas K-12 teachers, instructors, counselors, principals, and aides who work at least 900 hours during a school year and are currently licensed as teachers
- Allows the credit for curriculum-based supplies including books, supplies, computers and related equipment/software, other equipment, and supplementary materials used in the classroom
- Excludes nonathletic supplies for health or physical education courses from the definition of curriculum-based supplies
- Limits the credit to educators who do not receive reimbursement for the costs of such supplies, and requires the credit not exceed the taxpayer's income tax liability
- Authorizes the Director of the Department of Finance and Administration to promulgate rules for implementation, effective for tax years beginning January 1, 2013
Legislative Description
To Provide An Income Tax Credit For Curriculum-based Supplies Purchased And Used By An Educator.
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