AR HB1762

Allows Arkansas employers to make matching contributions to employees' tax-deferred tuition savings accounts (Section 529 plans) as an employee fringe benefit.

Caps employer matching contributions at $500 per contributing employee per year.

Updates multiple references in Arkansas Code from January 1, 2015 to January 1, 2017 to align with current federal Internal Revenue Code provisions governing Section 529 plans.

Adds definitions for "taxpayer employee" (employee with a Section 529 account) and "taxpayer employer" (employer of such employee) to the tax code.

Maintains existing $5,000 annual deduction limit per employee for personal contributions to tuition savings accounts while permitting the $500 employer matching contribution on top of that amount.