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AR HB1396

Bill

Official Source

Status

Failed

5/1/2017

Primary Sponsor

Greg Leding

Click for details

Origin

House of Representatives

91st General Assembly (2017 Regular)

AI Summary

  • Exempts from individual income tax education scholarships, awards, and grants received by residents and awarded by nonprofit volunteer service organizations
  • Covers scholarships used to pay for attendance at institutions of higher education
  • Covers awards used to pay for educational or vocational training
  • Covers grants used to repay a taxpayer's student loans
  • Effective for tax years beginning on or after January 1, 2017

Legislative Description

To Exempt From The Individual Income Tax Education Scholarships, Awards, And Grants From Nonprofit Volunteer Service Organizations.

Last Action

Died in House Committee at Sine Die Adjournment

5/1/2017

Committee Referrals

Revenue and Taxation1/31/2017

Full Bill Text

No bill text available