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AR SB57

Bill

Official Source

Status

Failed

5/5/2025

Primary Sponsor

Clarke Tucker

Click for details

Origin

Senate

95th General Assembly (2025 Regular)

AI Summary

  • Increases the income tax credit limit for political contributions on individual tax returns from $50 to $100
  • Increases the income tax credit limit for political contributions on joint tax returns from $100 to $200
  • Amends Arkansas Code § 7-6-222(b), which originated from Initiated Act 1 of 1996
  • Effective for tax years beginning on or after January 1, 2025

Legislative Description

To Amend The Income Tax Credit For Certain Individual Political Contributions; And To Amend A Portion Of The Arkansas Code That Resulted From Initiated Act 1 Of 1996.

Last Action

Died in Senate Committee at Sine Die adjournment.

5/5/2025

Committee Referrals

Revenue & Taxation1/14/2025

Full Bill Text

No bill text available