Arkansas Center for Health Improvement

Arkansas Legislation Tracking - HB 1162

Bill Detail - HB 1162

Bill Number: HB 1162 Act Number: This bill has not become an act.
Bill Title: TO AMEND ARKANSAS TAX LAW AND THE USE OF TAX REVENUES; TO CREATE AN INCOME TAX EXEMPTION FOR MILITARY RETIREMENT AND SURVIVOR BENEFITS; TO LEVY INCOME TAX ON UNEMPLOYMENT COMPENSATION BENEFITS; TO AMEND THE DEFINITIONS OF THE ARKANSAS GROSS RECEIPTS TAX ACT OF 1941 TO INCLUDE THE DEFINITION OF CANDY AND SOFT DRINKS; TO IMPOSE THE FULL GROSS RECEIPTS TAX AND COMPENSATING TAX ON THE SALE OF CANDY AND SOFT DRINKS; TO LEVY THE FULL GROSS RECEIPTS TAX ON THE SALE OF A MANUFACTURED OR MODULAR HOME; TO AMEND THE ARKANSAS SOFT DRINK TAX ACT TO REDUCE THE RATE OF TAX ON SYRUPS; TO SUPPLEMENT THE ARKANSAS MEDICAID PROGRAM TRUST FUND TO OFFSET THE DECREASE IN SOFT DRINK TAX REVENUES DEPOSITED INTO THE FUND; AND FOR OTHER PURPOSES
Bill Caption: Increase Medicaid Program allocations; exempts military retirement benefits from income tax; applies income tax to unemployment benefits; increases the sales tax on candy, soft drinks, and mobile homes; lowers the tax on soft drink syrup

Arkansas Center for Health Improvement
1401 West Capitol
Suite 300 (Victory Building)
Little Rock, AR 72201