Stricken language would be deleted from and underlined language would be added to present law.
1 State of Arkansas
2 94th General Assembly A Bill
3 Regular Session, 2023 SENATE BILL 589
4
5 By: Senator C. Tucker
6
7 For An Act To Be Entitled
8 AN ACT TO AMEND THE LAW CONCERNING TAX CREDITS FOR
9 CERTAIN INDIVIDUAL POLITICAL CONTRIBUTIONS; TO
10 INCREASE THE AMOUNT OF A TAX CREDIT FOR POLITICAL
11 CONTRIBUTIONS IN ARKANSAS; TO AMEND PORTIONS OF
12 INITIATED ACT 1 OF 1996; AND FOR OTHER PURPOSES.
13
14
15 Subtitle
16 TO AMEND THE LAW CONCERNING TAX CREDITS
17 FOR CERTAIN INDIVIDUAL POLITICAL
18 CONTRIBUTIONS; TO INCREASE THE AMOUNT OF
19 A TAX CREDIT FOR POLITICAL CONTRIBUTIONS
20 IN ARKANSAS; AND TO AMEND PORTIONS OF
21 INITIATED ACT 1 OF 1996.
22
23
24 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS:
25
26 SECTION 1. Arkansas Code § 7-6-222(b), concerning tax credits for
27 certain individual political contributions, and amending portions of
28 Initiated Act 1 of 1996, is amended to read as follows:
29 (b) The credit allowed by subsection (a) of this section shall be the
30 aggregate contributions, not to exceed fifty dollars ($50.00) one hundred
31 dollars ($100), on an individual tax return, or the aggregate contributions,
32 not to exceed one hundred dollars ($100) two hundred dollars ($200), on a
33 joint return.
34
35
36
*MLD379* 4/5/2023 5:59:18 PM MLD379


Statutes affected:
SB 589: 7-6-222(b)