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AR HB1411
Bill
Status
4/22/2015
Primary Sponsor
Warwick Sabin
Click for details
AI Summary
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Adds a new tax incentive provision (§ 15-11-906) making qualifying residing artists in arts and cultural districts eligible for an income tax exemption.
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Creates § 26-51-314 exempting income from the sale, publication, or production of artistic works created by qualifying residing artists within arts and cultural districts from state income tax under the Income Tax Act of 1929.
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Extends the exemption to include income from Internet, mail-order, and catalog sales of artistic works created within the district and shipped to purchasers outside the district.
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Effective for tax years beginning on or after January 1, 2015.
Legislative Description
To Amend And Expand The Arkansas Arts And Cultural Districts Act; And To Create Tax Incentives Related To Arts And Cultural Districts.
Last Action
Died in House Committee at Sine Die adjournment.
4/22/2015