An act TO AMEND THE INCOME TAX CREDIT FOR CERTAIN 10 INDIVIDUAL POLITICAL CONTRIBUTIONS, 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                                            SENATE BILL 57

4

5 By: Senator C. Tucker

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7

8                        For An Act To Be Entitled

9   AN ACT TO AMEND THE INCOME TAX CREDIT FOR CERTAIN

10  INDIVIDUAL POLITICAL CONTRIBUTIONS; TO AMEND A

11  PORTION OF THE ARKANSAS CODE THAT RESULTED FROM

12  INITIATED ACT 1 OF 1996; AND FOR OTHER PURPOSES.

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14

15                       Subtitle

16                       TO AMEND THE INCOME TAX CREDIT FOR

17                       CERTAIN INDIVIDUAL POLITICAL

18                       CONTRIBUTIONS; AND TO AMEND A PORTION OF

19                       THE ARKANSAS CODE THAT RESULTED FROM

20                       INITIATED ACT 1 OF 1996.

21

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

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24  SECTION 1. Arkansas Code � 7-6-222(b) that resulted from Initiated Act

25 1 of 1996, concerning the income tax credit for certain individual political

26 contributions, is amended to read as follows:

27  (b) The credit allowed by subsection (a) of this section shall be the

28 aggregate contributions, not to exceed fifty dollars ($50.00) one hundred

29 dollars ($100), on an individual tax return, or the aggregate contributions,

30 not to exceed one hundred dollars ($100) two hundred dollars ($200), on a

31 joint return.

32

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

34 years beginning on or after January 1, 2025.

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    *JLL035*                                                   01/13/2025 4:50:41 PM JLL035