2025 Regular SessionArkansas Legislature

HB1501

Legislative Summary

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.

Demographic Impact

Overall analysis of equity impact

70% Bias
Medium ConfidenceView detailed demographic breakdown ↓

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Bill History

2/17/2025
Filed
House of Representatives
2/17/2025
Read the first time, rules suspended, read the second time and referred to the Committee on REVENUE & TAXATION- HOUSE
House of Representatives
5/5/2025
Died in House Committee at Sine Die adjournment.
House of Representatives

Status Information

Current Status
Failed(5/5/2025)
Chamber
House of Representatives

Sponsors

Republican: 2

Primary Sponsor

Howard Beaty
Howard Beaty
Republican

Co-Sponsors (1)

Documents

Draft
Bill Text2/17/2025124.0 KB
Fiscal Note/Analysis
Fiscal Note/Analysis2/27/202519.8 KB