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Committee hears bills to expand disability tax credit and to exempt veterans‑support nonprofits from sales/use tax
Summary
Representative Julie Mayberry presented HB1540 to replace two longstanding Arkansas deductions for people with developmental disabilities with a single tax credit aligned to the federal definition and to raise the benefit amount.
Representative Julie Mayberry introduced House Bill 1540 and described a proposal to replace the state’s existing tax deduction for caregivers of people with developmental disabilities with a tax credit and to align the state definition with the federal definition of "developmental disability." Mayberry said the current deduction(s) date to 1977 and 1991 and remain at $500; using an inflation calculator, she noted that $500 in 1977 is worth about $2,727 in today’s dollars. Mayberry said the bill would eliminate the older deduction form, create a single, updated certificate tied to the federal definition and raise the benefit…
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