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Asa Hutchinson Signs Tax Forgiveness Bill Into Law

"Gov. Asa Hutchinson has signed into law a bill that forgives taxes on unemployment benefits paid to Arkansans in 2020 and 2021.

What is now Act 248 was motivated by unemployment scams that have dogged the Pandemic Unemployment Assistance system. Lawmakers feared that hundreds or even thousands of Arkansans would get tax bills on income that actually went to scammers, while others who received the benefits lawfully didn’t realize they would owe taxes on them."

Read more at Arkansas Business

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