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AR HB1473

Bill

Official Source

Status

Passed

3/16/2017

Primary Sponsor

Frederick Love

Click for details

Origin

House of Representatives

91st General Assembly (2017 Regular)

AI Summary

  • Amends Arkansas Code § 6-84-111(b)(2) to allow unused tax deductions for contributions to the Arkansas Tax-Deferred Tuition Savings Program to carry forward to future tax years.

  • Maintains the annual deduction limit of $5,000 per taxpayer for contributions to a tuition savings account.

  • Allows taxpayers whose contributions exceed the $5,000 annual limit to carry forward the unused amount to the next four (4) succeeding tax years.

  • Approved on March 14, 2017.

Legislative Description

To Allow A Tax Deduction For Contributions To A Tuition Savings Account In The Arkansas Tax-deferred Tuition Savings Program To Be Carried Forward To Succeeding Tax Years.

Last Action

Notification that HB1473 is now Act 481

3/16/2017

Committee Referrals

Education2/22/2017
Education2/8/2017

Full Bill Text

No bill text available