Arkansas · 2025 Regular Session · Bill

HB 1501: TO ADOPT FEDERAL INCOME TAX LAW REGARDING DEPRECIATION AND THE EXPENSING OF PROPERTY; AND TO INCREASE THE AMOUNT ALLOWED FOR THE EXPENSING OF CERTAIN DEPRECIABLE BUSINESS ASSETS TO THE AMOUNT ALLOWED UNDER FEDERAL LAW.

In committee Last action May 5, 2025: Died in House Committee at Sine Die adjournment.

Plain-language summary

HB 1501 is a bill introduced in the Arkansas House on February 17, 2025. According to its official title, it concerns: TO ADOPT FEDERAL INCOME TAX LAW REGARDING DEPRECIATION AND THE EXPENSING OF PROPERTY; AND TO INCREASE THE AMOUNT ALLOWED FOR THE EXPENSING OF CERTAIN DEPRECIABLE BUSINESS ASSETS TO THE AMOUNT ALLOWED UNDER FEDERAL LAW. Primary sponsor: Gilmore, Howard Beaty (Republican). Most recent recorded action (May 5, 2025): Died in House Committee at Sine Die adjournment.

Sponsors

Primary sponsors: Gilmore; Howard Beaty (Republican).