AR SB310

Creates an income tax credit for donations of latest-technology materials, equipment, or instructor services to public training providers, vocational-technical schools, apprenticeship programs, or community colleges in Arkansas.

Allows a tax credit equal to 50% of the donation value, capped at the lesser of 20% of the taxpayer's annual tax liability or $1,000,000 total statewide per tax year.

Requires the Director of the Department of Finance and Administration to promulgate rules in consultation with the Career Education and Workforce Development Board to implement the credit and define qualifying donations.

Effective for tax years beginning January 1, 2017 or later.