AR SB412

Authorizes the Secretary of the Department of Finance and Administration to set the per-mile deduction rate for travel and transportation expenses by proclamation rather than through the standard rulemaking process

Caps the per-mile deduction at a maximum of $1.00 per mile

Requires the secretary to set the rate as close as possible to the IRS per-mile deduction rate while remaining fiscally responsible without causing undue taxpayer hardship

Mandates the secretary issue a new proclamation within 30 days whenever the IRS changes its per-mile deduction rate

Exempts these proclamations from legislative review requirements under the Arkansas Administrative Procedure Act