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AR SB423

Bill

Official Source

Status

Failed

5/5/2025

Primary Sponsor

Jamie Scott

Click for details

Origin

Senate

95th General Assembly (2025 Regular)

AI Summary

  • Exempts education scholarships, awards, and grants from nonprofit volunteer service organizations from Arkansas individual income tax

  • Covers funds used to pay for attendance at institutions of higher education

  • Covers funds used for educational or vocational training programs

  • Covers funds used to repay student loans

  • Effective for tax years beginning on or after January 1, 2025

Legislative Description

To Exempt From The Individual Income Tax Education Scholarships, Awards, And Grants From Nonprofit Volunteer Service Organizations.

Last Action

Died in Senate Committee at Sine Die adjournment.

5/5/2025

Committee Referrals

Revenue & Taxation3/11/2025

Full Bill Text

No bill text available