Arkansas HB1910: TO ALLOW A DEDUCTION FOR CERTAIN QUALIFIED BUSINESS EXPENSES UNDER THE INCOME TAX ACT OF 1929

What the bill says

An act to be entitled an act to allow a deduction for certain qualified business expenses under the income tax act of 1929; and for other purposes. subtitle to allow a deduction for certain qualified business expenses under the income tax act of 1929.

From the introduced text:

An Act To Be Entitled AN ACT TO ALLOW A DEDUCTION FOR CERTAIN QUALIFIED BUSINESS EXPENSES UNDER THE INCOME TAX ACT OF 1929; AND FOR OTHER PURPOSES. Subtitle TO ALLOW A DEDUCTION FOR CERTAIN QUALIFIED BUSINESS EXPENSES UNDER THE INCOME TAX ACT OF 1929. BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS: SECTION 1. Arkansas Code Title 26, Chapter 51, Subchapter 4, is amended to add an additional section to read as follows: 26-51-462. Deduction -- Qualified business expenses. Title 26 U.S.C. § 199A(a)-(h), as in effect on January 1, 2025, regarding the deduction for qualified business income, is adopted for the purpose of computing Arkansas income tax liability. SECTION 2. EFFECTIVE DATE. Section 1 of this act is effective for tax years beginning on or after January 1, 2025. *JLL032* 03/31/2025 11:05:17 AM JLL032

Read the full official text

Sponsors

• Robin Lundstrum (R, 18) · primary sponsor

Latest actions

1. May 5, 2025: Died in House Committee at Sine Die adjournment.
2. March 31, 2025: Read the first time, rules suspended, read the second time and referred to the Committee on REVENUE & TAXATION- HOUSE
3. March 31, 2025: Filed

Common questions

What is HB1910?

HB1910 is a bill in the Arkansas Legislature (95th General Assembly (2025 Regular)): TO ALLOW A DEDUCTION FOR CERTAIN QUALIFIED BUSINESS EXPENSES UNDER THE INCOME TAX ACT OF 1929.

What does HB1910 do?

In its own words: An act to be entitled an act to allow a deduction for certain qualified business expenses under the income tax act of 1929; and for other purposes. subtitle to allow a deduction for certain qualified business expenses under the income tax act of 1929.

What is the status of HB1910?

Failed as of May 5, 2025. Latest action: Died in House Committee at Sine Die adjournment. (May 5, 2025).

Who sponsored HB1910?

Robin Lundstrum (R, 18).

Where is the official record for HB1910?

On the Arkansas Legislature website: https://www.arkleg.state.ar.us/Bills/Detail?ddBienniumSession=2025%2F2025R&measureno=HB1910