Shown verbatim: the complete text as captured from the official PDF posted by the Arkansas General Assembly, fetched 2026-07-23. Page and line markers are part of the official record; nothing is edited or removed. The official bill page.
Stricken language would be deleted from and underlined language would be added to present law.
1 State of Arkansas As Engrossed: S3/12/25
2 95th General Assembly
A Bill
3 Regular Session, 2025 SENATE BILL 204
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5 By: Senators C. Penzo, Hester, J. Boyd, J. Bryant, Caldwell, A. Clark, Crowell, B. Davis, Dees, J.
6 Dotson, Flippo, Gilmore, K. Hammer, Hill, B. Johnson, M. Johnson, B. King, M. McKee, R. Murdock, J.
7 Payton, J. Petty, J. Scott, Stone, G. Stubblefield, D. Sullivan, D. Wallace
8 By: Representatives Wooldridge, Evans, J. Moore, Ray, Rose, Achor, F. Allen, Andrews, Barnes, Barnett,
9 Beaty Jr., Bentley, S. Berry, Breaux, Brooks, A. Brown, K. Brown, M. Brown, Joey Carr, John Carr,
10 Cavenaugh, Childress, Clowney, C. Cooper, Cozart, Crawford, Duffield, Duke, Eaton, Eaves, Ennett, K.
11 Ferguson, Furman, D. Garner, Gazaway, Gonzales Worthen, Gramlich, Hall, Hawk, Holcomb,
12 Hollowell, Hudson, Jean, L. Johnson, Ladyman, Long, Lundstrum, Lynch, Maddox, Magie, J. Mayberry,
13 McAlindon, McCollum, M. McElroy, McGrew, McGruder, McNair, S. Meeks, Milligan, Nazarenko,
14 Painter, Pearce, Perry, Pilkington, Puryear, J. Richardson, R. Scott Richardson, Richmond, Rye, Steele,
15 Steimel, Torres, Tosh, Underwood, Unger, Vaught, Walker, Warren, Wing, Womack
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17 For An Act To Be Entitled
18 AN ACT TO AMEND THE STATE INCOME TAX LAWS; TO EXEMPT
19 FROM GROSS INCOME A GAIN BY A TAXPAYER RESULTING FROM
20 THE ACQUISITION OF PROPERTY UNDER THE RIGHT OF
21 EMINENT DOMAIN OR THE THREAT OF CONDEMNATION; AND FOR
22 OTHER PURPOSES.
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25 Subtitle
26 TO EXEMPT FROM GROSS INCOME A GAIN BY A
27 TAXPAYER RESULTING FROM THE ACQUISITION
28 OF PROPERTY UNDER THE RIGHT OF EMINENT
29 DOMAIN OR THE THREAT OF CONDEMNATION.
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31 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS:
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33 SECTION 1. Arkansas Code � 26-51-404(b), concerning exclusions from
34 gross income under the Income Tax Act of 1929, is amended to add an
35 additional subdivision to read as follows:
36 (36) A gain by a taxpayer resulting from the acquisition of real
*JLL173* 03-12-2025 10:16:19 JLL173
As Engrossed: S3/12/25 SB204
1 property by an entity with the power of eminent domain under the right of
2 eminent domain or threat of condemnation under Title 18, Chapter 15 or � 27-
3 67-301 et seq.
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5 SECTION 2. EFFECTIVE DATE. Section 1 of this act is effective for tax
6 years beginning on or after January 1, 2025.
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8 /s/C. Penzo
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2 03-12-2025 10:16:19 JLL173Every fact on this page links to its source, starting with the official bill record.