HB 1688

TO REPEAL THE LAW REQUIRING THE SECRETARY OF THE DEPARTMENT OF FINANCE AND ADMINISTRATION TO SUBMIT A REPORT CONCERNING CHANGES MADE IN FEDERAL INCOME TAX LAWS AND REGULATIONS.

TO CREATE AN INCOME TAX CREDIT FOR TAXPAYERS SIXTY-FIVE AND OLDER IN AN AMOUNT EQUAL TO THE TAXPAYER'S PROPERTY TAX PAYMENT ON A HOMESTEAD.

TO REQUIRE AN INSURER TO INCLUDE A LIENHOLDER ON PAYMENTS MADE UNDER AN INSURANCE POLICY.

TO AMEND THE LAW CONCERNING USED MOTOR VEHICLES BUYERS PROTECTION; AND TO AMEND THE LAW CONCERNING THE USED MOTOR VEHICLE DEALER'S LICENSE APPLICATION PROCESS.

TO REPEAL THE ARKANSAS CORPORATE FRANCHISE TAX ACT OF 1979; AND TO MAKE CONFORMING CHANGES.

TO TRANSFER GENERAL REVENUE TO THE AGING AND ADULT SERVICES FUND ACCOUNT TO BE USED FOR FOOD SERVICES BENEFITING THE ELDERLY; AND TO DECLARE AN EMERGENCY.