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AR HB1708

Bill

Official Source

Status

Failed

5/5/2025

Primary Sponsor

Kendon Underwood

Click for details

Origin

House of Representatives

95th General Assembly (2025 Regular)

AI Summary

  • Exempts employee bonuses from Arkansas state income tax starting January 1, 2026

  • Defines "bonus" as a payment that is in addition to regular or overtime wages, is nonrecurring, does not increase base pay, and includes no commitment for future year payments

  • Amends Arkansas Code Title 26, Chapter 51, Subchapter 3 by adding new section 26-51-317

  • Sponsored by Representatives Underwood, A. Brown, McCollum, B. McKenzie, Pilkington, and Rose in the 95th General Assembly

Legislative Description

The Keep The Bonus, Axe The Tax: The No-tax Bonus Act.

Last Action

Died in House Committee at Sine Die adjournment.

5/5/2025

Committee Referrals

Revenue and Taxation3/6/2025

Full Bill Text

No bill text available