Stricken language would be deleted from and underlined language would be added to present law.
Act 971 of the Regular Session
1 State of Arkansas As Engrossed: H3/15/21 H3/29/21
2 93rd General Assembly A Bill
3 Regular Session, 2021 HOUSE BILL 1157
4
5 By: Representatives Tollett, Barker, Bentley, M. Berry, Bryant, C. Cooper, Deffenbaugh, Haak, Ladyman,
6 McClure, Wing, Beaty Jr.
7
8 For An Act To Be Entitled
9 AN ACT TO INCREASE THE AMOUNT OF THE INCOME TAX
10 DEDUCTION FOR A TEACHERS QUALIFIED CLASSROOM
11 INVESTMENT EXPENSE; AND FOR OTHER PURPOSES.
12
13
14 Subtitle
15 TO INCREASE THE AMOUNT OF THE INCOME TAX
16 DEDUCTION FOR A TEACHERS QUALIFIED
17 CLASSROOM INVESTMENT EXPENSE.
18
19
20 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS:
21
22 SECTION 1. Arkansas Code 26-51-459(c), concerning the income tax
23 deduction for a teacher's qualified classroom investment expense, is amended
24 to read as follows:
25 (c) The deduction allowed under subsection (b) of this section shall
26 not exceed two hundred fifty dollars ($250) five hundred dollars ($500) per
27 taxpayer or five hundred dollars ($500) one thousand dollars ($1,000) for
28 taxpayers who are married filing jointly if each taxpayer is a teacher.
29
30 SECTION 2. EFFECTIVE DATE. Section 1 of this act is effective for tax
31 years beginning on or after January 1, 2021.
32
33
34
35 /s/Tollett
36 APPROVED: 4/27/21
*RWO020* 03-29-2021 11:44:33 RWO020


Statutes affected:
Old version HB1157 Original - 1-12-2021 10:28 AM: 26-51-459(c)
Old version HB1157 V2 - 3-15-2021 10:58 AM: 26-51-459(c)
Old version HB1157 V3 - 3-29-2021 11:45 AM: 26-51-459(c)
HB 1157: 26-51-459(c)
Act 971: 26-51-459(c)