TO AMEND THE INCOME TAX CREDIT FOR CERTAIN INDIVIDUAL POLITICAL CONTRIBUTIONS; AND TO AMEND A PORTION OF THE ARKANSAS CODE THAT RESULTED FROM INITIATED ACT 1 OF 1996.

Senate Bill 57 (SB 57) proposed to amend the income tax credit available to Arkansas taxpayers for individual political contributions. The bill sought to increase the maximum credit amount that individuals could claim on their state income tax returns. Specifically, it would have raised the maximum credit from $50 to $100 for individual tax filers and from $100 to $200 for those filing joint returns. These changes were intended to apply to tax years beginning on or after January 1, 2025.