Bill
SB 204
TO EXEMPT FROM GROSS INCOME A GAIN BY A TAXPAYER RESULTING FROM THE ACQUISITION OF PROPERTY UNDER THE RIGHT OF EMINENT DOMAIN OR THE THREAT OF CONDEMNATION.
2025 Regular Session
Introduced by Brandon Achor and 105 co-sponsors
Senate Bill 204 exempts gains from property acquired under eminent domain from income tax, easing financial burdens on affected Arkansas taxpayers starting in 2025.
Died in Senate Committee at Sine Die adjournment.