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AR SB463

Bill

Official Source

Status

Passed

4/23/2013

Primary Sponsor

Jim Hendren

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Origin

Senate

89th General Assembly (2013 Regular)

AI Summary

  • Exempts service pay or allowances received by active duty members of the armed services from Arkansas state income tax for tax years beginning on or after January 1, 2014
  • Defines "active duty member of the armed services" to include all members of the armed forces, including National Guard and Reserve units
  • Amends Arkansas Code § 26-51-306(a)(1) concerning income tax treatment of military compensation and benefits
  • Takes effect for tax years beginning on or after January 1, 2014

Legislative Description

To Create An Exemption From The Income Tax For Service Pay Or Allowances Received By Active Duty Members Of The Armed Services.

Last Action

Notification that SB463 is now Act 1408

4/23/2013

Committee Referrals

Revenue and Taxation4/18/2013
Revenue & Taxation2/25/2013

Full Bill Text

No bill text available