corporate income tax

Arkansas governor calls special session to alter FOIA, cut taxes

BY: - September 8, 2023

This story was updated at 5:30 p.m. on Friday, Sept. 8, 2023, to include comments from the Arkansas Press Association. Arkansas Gov. Sarah Huckabee Sanders is asking the state Legislature to convene next week to cut income taxes, ban vaccine mandates for state employees and significantly curtail what state government records are available to the […]

Arkansas General Assembly cuts top individual and corporate income tax rates

BY: - April 5, 2023

The Arkansas House of Representatives sent more than $100 million in cuts to the top individual and corporate income tax rates to Gov. Sarah Huckabee Sanders’ desk Wednesday. The legislation reduces the top individual income tax rate from 4.9% to 4.7%. It decreases the top corporate income tax rate by two percentage points to 5.1%. […]

Rep. Matthew Shepherd, Gov. Sarah Huckabee Sanders, Sen. Jonathan Dismang

Arkansas House advances another tax cut, phasing out the ‘throwback rule’

BY: - April 4, 2023

UPDATE: The full House of Representatives voted unanimously in favor of House Bill 1045 on Tuesday at about 7:40 p.m. State representatives on Tuesday voted to phase out the state’s so-called “throwback rule.” The rule is an obscure tax policy that requires multi-state corporations based in Arkansas to report income from other states where revenue […]

Arkansas income tax rate changes explained

BY: - August 16, 2022

The Arkansas General Assembly last week convened in special session primarily to enact tax relief.  The law, which easily passed the House and Senate, was billed by proponents as relief for taxpayers in a time of high inflation. Several also referenced the $1.6 billion surplus the state ended with in fiscal 2022. Opponents argued that […]