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AR HB1157

Bill

Official Source

Status

Passed

4/27/2021

Primary Sponsor

David Tollett

Click for details

Origin

House of Representatives

93rd General Assembly (2021 Regular)

AI Summary

  • Increases the income tax deduction for a teacher's qualified classroom investment expense from $250 to $500 per individual taxpayer
  • Increases the deduction limit for married couples filing jointly from $500 to $1,000 when both spouses are teachers
  • Applies to tax years beginning on or after January 1, 2021
  • Amends Arkansas Code § 26-51-459(c)
  • Approved on April 27, 2021

Legislative Description

To Increase The Amount Of The Income Tax Deduction For A Teacher’s Qualified Classroom Investment Expense.

Last Action

Notification that HB1157 is now Act 971

4/27/2021

Committee Referrals

Revenue & Taxation4/14/2021
Revenue and Taxation1/12/2021

Full Bill Text

No bill text available