TO AMEND THE INCOME TAX CREDIT AND THE INCOME TAX DEDUCTION RELATED TO MAINTAINING, SUPPORTING, AND CARING FOR AN INDIVIDUAL WITH A DISABILITY.

House Bill 1862 amends Arkansas's income tax laws related to caring for individuals with disabilities. The bill repeals the $500 income tax deduction previously available for taxpayers caring for a totally and permanently disabled child in their home. Simultaneously, it increases the state income tax credit for taxpayers maintaining, supporting, and caring for an individual with a developmental disability from $500 to $750. The bill also updates the definition of "developmental disability" for the credit and expands the types of licensed medical professionals who can provide certification for the disability.