Arkansas legislation · 95th General Assembly (2025 Regular)
Arkansas SB318: TO CREATE AN INCOME TAX EXEMPTION FOR CERTAIN INDIVIDUALS BASED ON INCOME AND AGE
Status: Failed, May 5, 2025
What the bill says
An act to be entitled an act to create an income tax exemption for certain individuals based on income and age; and for other purposes. subtitle to create an income tax exemption for certain individuals based on income and age.
From the introduced text:
An Act To Be Entitled AN ACT TO CREATE AN INCOME TAX EXEMPTION FOR CERTAIN INDIVIDUALS BASED ON INCOME AND AGE; AND FOR OTHER PURPOSES. Subtitle TO CREATE AN INCOME TAX EXEMPTION FOR CERTAIN INDIVIDUALS BASED ON INCOME AND AGE. BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS: SECTION 1. DO NOT CODIFY. Legislative findings. The General Assembly finds that: (1) Senior citizens are impacted by the rising costs of daily living expenses, including without limitation rent, utilities, groceries, medical expenses, and home healthcare costs, as indicated by the Consumer Price Index for All Urban Consumers, which has increased significantly over the years; and (2) Many senior citizens are on a fixed income, which is usually less than one thousand six hundred dollars ($1,600) per month. SECTION 2. Arkansas Code Title 26, Chapter 51, Subchapter 3, is amended to add an additional section to read as follows: 26-51-317. Certain individuals based on age and income. There is allowed an exemption from the income tax imposed by this chapter for a person and *JLL208* 02/26/2025 7:38:35 AM JLL208 SB318 (2) Has an annual gross income that does not exceed twenty-five thousand dollars ($25,000) for the tax year. SECTION 3. EFFECTIVE DATE. Section 2 of this act is effective for tax years beginning on or after January 1, …
Sponsors
- Frederick Love (D, 15) · primary sponsor
Latest actions
- : Died in Senate Committee at Sine Die adjournment.
- : Read first time, rules suspended, read second time, referred to REVENUE & TAX - SENATE
- : Filed
Common questions
- What is SB318?
- SB318 is a bill in the Arkansas Legislature (95th General Assembly (2025 Regular)): TO CREATE AN INCOME TAX EXEMPTION FOR CERTAIN INDIVIDUALS BASED ON INCOME AND AGE.
- What does SB318 do?
- In its own words: An act to be entitled an act to create an income tax exemption for certain individuals based on income and age; and for other purposes. subtitle to create an income tax exemption for certain individuals based on income and age.
- What is the status of SB318?
- Failed as of May 5, 2025. Latest action: Died in Senate Committee at Sine Die adjournment. (May 5, 2025).
- Who sponsored SB318?
- Frederick Love (D, 15).
- Where is the official record for SB318?
- On the Arkansas Legislature website: https://www.arkleg.state.ar.us/Bills/Detail?ddBienniumSession=2025%2F2025R&measureno=SB318
Source: official Arkansas record. Tracked by Delilah, AI for legislation across all 50 states and Congress.