Arkansas legislation · 95th General Assembly (2025 Regular)
Arkansas HB1366: TO CREATE AN INCOME TAX CREDIT FOR QUALIFIED STORM SHELTERS
Status: Failed, May 5, 2025
What the bill says
An act to be entitled an act to create an income tax credit for qualified storm shelters; and for other purposes. subtitle to create an income tax credit for qualified storm shelters.
From the introduced text:
An Act To Be Entitled AN ACT TO CREATE AN INCOME TAX CREDIT FOR QUALIFIED STORM SHELTERS; AND FOR OTHER PURPOSES. Subtitle TO CREATE AN INCOME TAX CREDIT FOR QUALIFIED STORM SHELTERS. BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS: SECTION 1. Arkansas Code Title 26, Chapter 51, Subchapter 5, is amended to add an additional section to read as follows: 26-51-518. Qualified storm shelter. (a) As used in this section: (1) "Primary residence" means a single-family residence that is the full-time legal residence of a taxpayer and is used for purposes of the taxpayer's income tax calculation under this chapter; (2) "Qualified storm shelter" means a storm shelter or safe room that: (A) Has a design that is capable of withstanding a tornado that is rated as a five (5) on the Enhanced Fujita Scale; (B) Is placed in service as an attachment to the taxpayer's primary residence or on the same lot or parcel as the taxpayer's primary residence, and no other qualified storm shelter is attached to the taxpayer's primary residence or on the same lot or parcel as the taxpayer's primary residence; (C) Meets or exceeds the most recent minimum criteria established by the Federal Emergency Management Agency for the design, *JLL126* 01/30/2025 9:06:18 AM JLL126 HB1366 construction, and operation of residential …
Sponsors
- Denise Ennett (D, 80) · primary sponsor
- Ashley Hudson (D, 75)
Latest actions
- : Died in House Committee at Sine Die adjournment.
- : Read the first time, rules suspended, read the second time and referred to the Committee on REVENUE & TAXATION- HOUSE
- : Filed
Common questions
- What is HB1366?
- HB1366 is a bill in the Arkansas Legislature (95th General Assembly (2025 Regular)): TO CREATE AN INCOME TAX CREDIT FOR QUALIFIED STORM SHELTERS.
- What does HB1366 do?
- In its own words: An act to be entitled an act to create an income tax credit for qualified storm shelters; and for other purposes. subtitle to create an income tax credit for qualified storm shelters.
- What is the status of HB1366?
- Failed as of May 5, 2025. Latest action: Died in House Committee at Sine Die adjournment. (May 5, 2025).
- Who sponsored HB1366?
- Denise Ennett (D, 80), with 1 co-sponsor.
- Where is the official record for HB1366?
- On the Arkansas Legislature website: https://www.arkleg.state.ar.us/Bills/Detail?ddBienniumSession=2025%2F2025R&measureno=HB1366
Source: official Arkansas record. Tracked by Delilah, AI for legislation across all 50 states and Congress.