Arkansas Senate Bill SB261

Arkansas 2023 Regular Session

• Introduced: 2/14/23
• Refer: 2/14/23
• Refer: 2/21/23
• Failed: 5/1/23

Caption

To Provide For An Income Tax Credit For An Unborn Child; And To Provide That The "dependent" Includes An Unborn Child For Purposes Of The Personal Income Tax Credit.

Impact

The bill will have significant implications for personal income tax laws in Arkansas. By expanding the definition of a dependent to include unborn children, it creates a new avenue for tax credits that could alleviate some financial burden for expectant parents. This change could influence the financial planning of families and potentially encourage higher birth rates by reducing the tax liabilities of parents during pregnancy.

Summary

Senate Bill 261 proposes to amend existing state tax laws by allowing for an income tax credit specifically for unborn children. The legislation defines 'dependent' to include unborn children who are at least twelve weeks gestation as verified by medical documentation. This adjustment aims to provide additional financial benefits to parents expecting children, reflecting a shift towards recognizing the unborn in tax considerations.

Sentiment

The general sentiment around SB261 appears to be supportive among proponents who emphasize the importance of recognizing unborn children in tax policies. This initiative is often viewed within the broader context of family support and conservative values. However, there are also concerns from those who fear the implications of legally recognizing unborn children in tax statutes could set a precedent for larger issues surrounding reproductive rights.

Contention

Notable points of contention include debates around the implications of categorizing unborn children as dependents for tax purposes. Critics argue that such designations could pave the way for more restrictive regulations regarding reproductive health and rights. The discussions highlight a broader cultural conflict regarding the beginning of life and the role of government in family planning decisions.