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 Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
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.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Sponsors
Sponsors by party (alphabetical): Republican 1
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Gilmore | Primary sponsor | Not applicable (committee) | — | — |
| Howard Beaty | Primary sponsor | Republican | House | 95 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official 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