This bill amends Arkansas tax laws to support the Arkansas Veterans Cemetery Foundation by establishing an income tax check-off program and creating a sales and use tax exemption for sales made to the foundation. Specifically, it introduces a new section in the Arkansas Code that allows individual taxpayers to designate a portion of their income tax refund to be contributed to the foundation. The bill outlines the process for taxpayers to indicate their desired contribution amounts on their tax forms and mandates that the Department of Finance and Administration certify the contributions quarterly to the Treasurer of State.

Additionally, the bill amends existing sales tax laws to exempt gross receipts from sales of tangible personal property, specified digital products, digital codes, or services sold to the Arkansas Veterans Cemetery Foundation. The effective dates for these provisions are set for tax years beginning on or after January 1, 2023, for the income tax check-off program, and on the first day of the calendar quarter following the act's effective date for the sales tax exemption.

Statutes affected:
HB 1814: 26-52-401