This bill amends the existing income tax provisions related to individuals with disabilities in Arkansas. It repeals the current tax deduction for maintaining, supporting, and caring for a totally and permanently disabled child, as outlined in Arkansas Code 26-51-418. In its place, the bill increases the income tax credit for taxpayers caring for individuals with developmental disabilities from $500 to $1,000 per year. Additionally, it expands the eligibility for certification to include licensed advanced practice registered nurses and licensed physician assistants, alongside licensed physicians and psychologists.

The bill also clarifies the definition of "developmental disability" by referencing the federal definition as per 42 U.S.C. 15002, effective from January 1, 2025. It specifies that the new provisions will take effect for tax years beginning on or after this date. Overall, the legislation aims to enhance financial support for families caring for individuals with developmental disabilities while eliminating the previous deduction for those caring for individuals with total and permanent disabilities.