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 removing 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 $750 per year. Additionally, it expands the list of professionals who can certify a developmental disability to include licensed advanced practice registered nurses and licensed physician assistants, while also establishing that certifications made before January 1, 2025, will remain valid for claiming the tax credit.

Furthermore, the bill clarifies the definition of "developmental disability" by referencing the federal definition as outlined in 42 U.S.C. 15002, effective January 1, 2025. It also modifies the terminology from "child" to "individual" to encompass a broader range of dependents eligible for 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 amendments is set for tax years beginning on or after January 1, 2025.