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, specifically 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, as specified in the amended Arkansas Code 26-51-503. 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 January 1, 2025. Furthermore, it introduces a provision that allows certifications obtained before this date to remain valid for claiming the tax credit. The changes aim to provide greater financial support to families caring for individuals with developmental disabilities while eliminating the previous deduction for those with total and permanent disabilities. The effective date for these changes is set for tax years beginning on or after January 1, 2025.