AR SB262

Amends Arkansas Code § 21-8-402(7)(A) to expand the definition of "income" or "compensation" to explicitly include profit, commission, and consulting fees.

Modifies disclosure thresholds in Arkansas Code § 21-8-701(d)(3) for reporting gross income from employers and other sources, establishing three income brackets: $1,000 to $12,500, $12,500 to $50,000, and $50,000 or more annually.

Changes language from "more than" to "at least" when describing income thresholds, clarifying that income amounts equal to the threshold amounts must be disclosed.

Restructures investment and business holdings disclosure requirements under Arkansas Code § 21-8-701(d)(4) into three fair market value tiers: $1,000 to $12,500, $12,500 to $50,000, and $50,000 or more as of the last day of the previous calendar year.

Applies the revised threshold language consistently to both income and investment reporting sections, removing duplicative reporting requirements for tiered business valuations.