Arkansas SB408: TO PROVIDE AN INCOME TAX EXEMPTION FOR CERTAIN PAYMENTS BY THE UNITED STATES DEPARTMENT OF AGRICULTURE

What the bill says

An act to be entitled an act to provide an income tax exemption for certain payments by the united states department of agriculture; and for other purposes. subtitle to provide an income tax exemption for certain payments by the united states department of agriculture.

From the enrolled text:

An Act To Be Entitled AN ACT TO PROVIDE AN INCOME TAX EXEMPTION FOR CERTAIN PAYMENTS BY THE UNITED STATES DEPARTMENT OF AGRICULTURE; AND FOR OTHER PURPOSES. Subtitle TO PROVIDE AN INCOME TAX EXEMPTION FOR CERTAIN PAYMENTS BY THE UNITED STATES DEPARTMENT OF AGRICULTURE. BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS: SECTION 1. Arkansas Code § 26-51-316(a), concerning the income tax exemption allowed for disaster relief payments and rebates, is amended to read as follows: (a) There is allowed an exemption from the income tax imposed under this chapter for: (1) Payments made to a taxpayer by the United States Department of Agriculture under the Market Facilitation Program authorized by 15 U.S.C. § 714c, as it existed on January 1, 2020; and (2) Recovery rebates provided by the United States Department of the Treasury under Section 2201 of the Coronavirus Aid, Relief, and Economic Security Act, Pub. L. No. 116-136; and (3) Payments made to a taxpayer by the United States Department of Agriculture under programs authorized by Division B, Title I, of the American Relief Act of 2025, Pub. L. No. 118-158. SECTION 2. EFFECTIVE DATE. Section 1 of this act is effective for tax *JLL282* 03/07/2025 3:18:49 PM JLL282 SB408 years beginning on or after January 1, 2025. APPROVED: 4/16/25 03/07/2025 3:18:49 PM …

Read the full official text

Sponsors

• Blake Johnson (R, 21) · primary sponsor
• Les Eaves (R, 58)

Latest actions

1. April 18, 2025: Notification that SB408 is now Act 696
2. April 10, 2025: DELIVERED TO GOVERNOR.
3. April 10, 2025: Reported correctly enrolled and ordered delivered to the Governor.
4. April 9, 2025: ORDERED ENROLLED
5. April 9, 2025: Returned from the House as passed.
6. April 9, 2025: Returned to the Senate as passed.
7. April 9, 2025: Read the third time and passed and ordered transmitted to the Senate.
8. April 7, 2025: Returned by the Committee Do Pass
9. April 3, 2025: Read the first time, rules suspended, read the second time and referred to the Committee on REVENUE & TAXATION- HOUSE
10. April 3, 2025: RECEIVED FROM THE SENATE

Votes

• House Roll Call #1113 (April 9, 2025): 91 yea, 0 nay, passed
• Senate Roll Call #817 (April 3, 2025): 33 yea, 0 nay, passed
• Senate Roll Call #775 (April 2, 2025): 31 yea, 0 nay, passed
• Senate Roll Call #716 (March 31, 2025): 11 yea, 15 nay, failed

Common questions

What is SB408?

SB408 is a bill in the Arkansas Legislature (95th General Assembly (2025 Regular)): TO PROVIDE AN INCOME TAX EXEMPTION FOR CERTAIN PAYMENTS BY THE UNITED STATES DEPARTMENT OF AGRICULTURE.

What does SB408 do?

In its own words: An act to be entitled an act to provide an income tax exemption for certain payments by the united states department of agriculture; and for other purposes. subtitle to provide an income tax exemption for certain payments by the united states department of agriculture.

What is the status of SB408?

Chaptered as of April 18, 2025. Latest action: Notification that SB408 is now Act 696 (April 18, 2025).

Who sponsored SB408?

Blake Johnson (R, 21), with 1 co-sponsor.

Where is the official record for SB408?

On the Arkansas Legislature website: https://www.arkleg.state.ar.us/Bills/Detail?ddBienniumSession=2025%2F2025R&measureno=SB408