An act TO ALLOW A DEDUCTION FOR CERTAIN QUALIFIED 10 BUSINESS EXPENSES UNDER THE INCOME TAX ACT OF 1929, the official text

Stricken language would be deleted from and underlined language would be added to present law.

1 State of Arkansas             A Bill
2 95th General Assembly

3 Regular Session, 2025                                         HOUSE BILL 1910

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5 By: Representative Lundstrum

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8                               For An Act To Be Entitled

9   AN ACT TO ALLOW A DEDUCTION FOR CERTAIN QUALIFIED

10  BUSINESS EXPENSES UNDER THE INCOME TAX ACT OF 1929;

11  AND FOR OTHER PURPOSES.

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14                              Subtitle

15                       TO ALLOW A DEDUCTION FOR CERTAIN

16                       QUALIFIED BUSINESS EXPENSES UNDER THE

17                       INCOME TAX ACT OF 1929.

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19 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS:

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21  SECTION 1. Arkansas Code Title 26, Chapter 51, Subchapter 4, is

22 amended to add an additional section to read as follows:

23  26-51-462. Deduction -- Qualified business expenses.

24  Title 26 U.S.C. � 199A(a)-(h), as in effect on January 1, 2025,

25 regarding the deduction for qualified business income, is adopted for the

26 purpose of computing Arkansas income tax liability.

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28  SECTION 2. EFFECTIVE DATE. Section 1 of this act is effective for tax

29 years beginning on or after January 1, 2025.

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    *JLL032*                                                    03/31/2025 11:05:17 AM JLL032