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Arkansas Promise Act would create tuition tax credit for families earning up to $90,000, sponsor says
Summary
Representative Collins introduced the Arkansas Promise Act (House Bill 1026) to create a tax credit equal to families' out‑of‑pocket tuition costs for in‑state public two‑ and four‑year institutions, with an income cap of $90,000 and a projected cost discussed by the sponsor.
Representative Collins presented House Bill 1026, the Arkansas Promise Act, describing it as a program modeled on Colorado's approach to reduce out‑of‑pocket tuition costs and broaden access to postsecondary education. The bill would create a tax credit equal to the out‑of‑pocket tuition a family pays at a public two‑ or four‑year Arkansas institution for residents with…
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