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AR SB236
Bill
Status
3/1/2021
Primary Sponsor
Jonathan Dismang
Click for details
AI Summary
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Amends Arkansas Code § 26-51-404 to exempt unemployment compensation benefits paid from federal unemployment funds for calendar years 2020 or 2021 from state income tax.
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Exempts unemployment insurance benefits received under Title IV of the Social Security Act for calendar years 2020 or 2021 from state income tax.
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Declares an emergency based on the COVID-19 pandemic causing high unemployment and economic crisis, with the exemption intended to prevent further financial distress and support economic recovery.
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Establishes that the act becomes effective upon Governor approval, expiration of veto period, or veto override.
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Approved by Governor on March 1, 2021.
Legislative Description
To Exempt Unemployment Compensation Benefits From Income Tax During A Certain Time Period; And To Declare An Emergency.
Last Action
Notification that SB236 is now Act 154
3/1/2021