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AR HB1148
Bill
Status
Introduced
1/17/2023
Primary Sponsor
Deann Vaught
Click for details
AI Summary
- Establishes an income tax credit up to $1,000 for individual taxpayers who incur expenses on baby supplies in the tax year the credit is claimed
- Defines "baby supplies" as diapers, baby formula, baby wipes, and prepackaged baby food
- Makes the credit refundable, meaning if the credit exceeds the taxpayer's income tax liability, the excess amount shall be refunded to the taxpayer
- Effective for tax years beginning on or after January 1, 2023
Legislative Description
To Provide An Income Tax Credit For Certain Expenses For Baby Supplies.
Last Action
Recommended for study in the Interim by Joint Interim Committee on REVENUE & TAXATION- HOUSE
2/21/2023
Committee Referrals
Revenue and Taxation1/17/2023
Full Bill Text
No bill text available