Arkansas to 4.9%: Comprehensive Tax Cut Legislation Introduced in the General Assembly Special Session

The Arkansas General Assembly reconvenes on December 7 for its Second Extraordinary Session, with a principal purpose of cutting income taxes. Identical bills SB1 (Dismang) and HB1001 (Maddox) have been filed with large majorities of both chambers signed up as cosponsors. The bills are expected to move quickly through the legislature. They will provide phased in top rate cuts, bracket harmonization yielding further relief for the middle class, and other reforms. It is expected to be the largest tax cut in Arkansas history. [More]

Summary of 2019 Arkansas Tax Procedure and General Administration Legislation

The following general tax administration changes were made by the General Assembly in 2019. While most of the changes were relatively minor technical adjustments, the consolidation of franchise tax administration and the Assessment Coordination Department into the Department of Finance and Administration will have long-term significance, as will the biennial tax preference reviews beginning 2021-2022 ahead of the 2023 legislative session. [More]