The bill amends Arkansas Code 16-66-220 to expand the exemptions from the execution of a judgment to include certain savings plans. Specifically, it replaces the term "profit-sharing" with "retirement, and savings" in the definition of exempt plans. Additionally, it introduces a new section that states a person's vested or unvested rights to assets held in or payments from a "qualified savings plan" are also exempt from attachment, execution, and seizure for debt satisfaction.

The bill defines "qualified savings plan" to encompass a variety of plans and accounts, including stock, bonus, pension, annuity, deferred compensation, profit-sharing, health, education, and similar plans that are exempt from federal income tax or defer tax until benefits are paid. It further specifies that this includes inherited individual retirement accounts, health savings accounts, and qualified tuition programs, among others, as long as they meet certain federal requirements as of January 1, 2025.