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AR SB589

Bill

Official Source

Status

Failed

5/1/2023

Primary Sponsor

Clarke Tucker

Click for details

Origin

Senate

94th General Assembly (2023 Regular)

AI Summary

  • Increases the tax credit limit for individual political contributions from $50 to $100 on individual tax returns
  • Increases the tax credit limit for political contributions from $100 to $200 on joint tax returns
  • Amends Arkansas Code § 7-6-222(b) and portions of Initiated Act 1 of 1996
  • Applies to aggregate contributions claimed as a tax credit in Arkansas

Legislative Description

To Amend The Law Concerning Tax Credits For Certain Individual Political Contributions; To Increase The Amount Of A Tax Credit For Political Contributions In Arkansas; And To Amend Portions Of Initiated Act 1 Of 1996.

Last Action

Sine Die adjournment

5/1/2023

Committee Referrals

Revenue & Taxation4/6/2023

Full Bill Text

No bill text available