TO ADOPT FEDERAL LAW CONCERNING TAX-DEFERRED TUITION SAVINGS PROGRAMS; AND TO AMEND THE INCOME TAX LIABILITY FOR ROLLOVER CONTRIBUTIONS FROM AN ARKANSAS BRIGHTER FUTURE FUND PLAN TO A ROTH INDIVIDUAL RETIREMENT ACCOUNT.
HB 1085 updates state law regarding tax-deferred tuition savings programs. It adopts federal regulations for these types of savings plans, which can affect how tuition savings grow tax-free. Additionally, the bill amends state income tax liability for individuals who transfer funds from an Arkansas Brighter Future Fund plan into a Roth Individual Retirement Account (IRA). This primarily affects Arkansas residents using these education savings plans and those considering converting their education savings to retirement funds.
Bill status
signed
all 5 stages cleared
Introduction
Jan 2025
Committee Review
Apr 2025
House Passage
Apr 2025
Senate Passage
Apr 2025
Signed into Law
Apr 2025
Introduced Jan 13, 2025
Signed Apr 17, 2025
Maddy AI version diff · 1 comparison
What changed between versions
Act 802
→
HB 1085
·
2 edits
MINOR
The bill was renumbered from Act 802 to HB 1085 for the 95th General Assembly Regular Session of 2025, with minor formatting adjustments to the header. No substantive policy changes were identified in the provided text.
TECHNICAL
Removed the reference to 'Act 802 of the Regular Session' from the document header.
Added blank lines and updated the session year to 2025 in the header.
Floor votes
How they voted
This bill passed the Senate by voice vote (no roll call recorded).
Full legislative history
Actions timeline
Total actions
16
Key actions
7
Committee
2
Amendments
1
Apr 17, 2025
Signed into law
Notification that HB1085 is now Act 802
lower
Apr 14, 2025
Lower · Passed
Returned from the Senate as passed.
lower
Apr 14, 2025
Upper · Passed
Returned to the House as passed.
upper
Apr 14, 2025
Upper · Passed
Read the third time and passed.
upper
Apr 10, 2025
Upper · Passed
Returned by the Committee, with the recommendation that it Do Pass
upper
Jan 30, 2025
Lower · Passed
Read the third time and passed and ordered transmitted to the Senate.
lower
Jan 29, 2025
Introduced
Amendment No. 1 read and adopted and the bill ordered engrossed.
lower
Jan 28, 2025
Lower · Passed
Returned by the Committee with the recommendation that it do pass as amended 2
lower
Jan 13, 2025
Introduced
Filed
lower
2 primary · 0 co-sponsors
Sponsors
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