The bill amends various sections of the Arkansas Code to update the income tax deductions for moving and travel expenses. It authorizes the Department of Finance and Administration to set the per-mile amount for the income tax deduction for travel and transportation expenses through a proclamation. Specifically, it introduces new provisions that allow the Secretary of the Department to determine the per-mile deduction for vehicle miles, which cannot exceed one dollar ($1.00) per mile. The Secretary is also required to align this amount closely with the per-mile deduction established by the Internal Revenue Service and to issue a proclamation within thirty days of any changes made by the IRS.

Additionally, the bill modifies existing legal language by removing outdated references and clarifying the definitions related to income tax deductions. It includes amendments to the definitions of "rule" under the Arkansas Administrative Procedure Act and legislative review processes, ensuring that proclamations issued by the Secretary are not classified as rules requiring legislative approval. The bill also updates the sections concerning deductions for moving expenses and travel expenses, streamlining the process for taxpayers and ensuring that the deductions reflect current federal standards.

Statutes affected:
SB 412: 10-3-309(b), 25-15-202(9), 26-51-403(b), 26-51-423(a), 26-51-423(c), 26-51-423(g), 26-51-437(b)
Act 614: 10-3-309(b), 25-15-202(9), 26-51-403(b), 26-51-423(a), 26-51-423(c), 26-51-423(g), 26-51-437(b)