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AR SB599

Bill

Official Source

Status

Failed

5/1/2017

Primary Sponsor

William Bond

Click for details

Origin

Senate

91st General Assembly (2017 Regular)

AI Summary

  • Allows an income tax credit against Arkansas income tax in the amount of the federal work opportunity tax credit under 26 U.S.C. §§ 51 and 52 as they existed on January 1, 2017
  • Requires the Director of the Department of Finance and Administration to promulgate rules for implementing the credit
  • Effective for tax years beginning on and after January 1, 2017
  • Adds new section 26-51-515 to Arkansas Code Title 26, Chapter 51, Subchapter 5

Legislative Description

To Allow A Work Opportunity Tax Credit Against Arkansas Income Tax Liability.

Last Action

Sine Die adjournment

5/1/2017

Committee Referrals

Revenue & Taxation3/6/2017

Full Bill Text

No bill text available