Bill
Bill > SB1
summary
Introduced
04/30/2026
04/30/2026
In Committee
05/05/2026
05/05/2026
Crossed Over
05/05/2026
05/05/2026
Passed
05/06/2026
05/06/2026
Dead
Signed/Enacted/Adopted
05/06/2026
05/06/2026
Introduced Session
95th General Assembly (2026 Special)
Bill Summary
AN ACT TO REDUCE INCOME TAXES; TO REDUCE THE INCOME TAX RATES FOR INDIVIDUALS, TRUSTS, ESTATES, AND CORPORATIONS; AND FOR OTHER PURPOSES.
AI Summary
This bill, for tax years beginning on or after January 1, 2026, amends Arkansas income tax law to establish new tax rate tables for individuals, trusts, and estates, with different rates applying based on income levels, including a reduction for those with net income above $94,700. Additionally, for tax years beginning on or after January 1, 2027, it revises the income tax rates for both domestic and foreign corporations doing business in Arkansas, introducing a tiered system that levies a 1% tax on the first $3,000 of net income, 2% on the next $3,000, 3% on the subsequent $5,000, and 4.1% on any net income exceeding $11,000.
Committee Categories
Budget and Finance
Sponsors (30)
Jonathan Dismang (R)*,
Les Eaves (R)*,
Justin Boyd (R),
Josh Bryant (R),
Ron Caldwell (R),
Alan Clark (R),
Steve Crowell (R),
Breanne Davis (R),
Tyler Dees (R),
Jim Dotson (R),
Jane English (R),
Scott Flippo (R),
Ben Gilmore (R),
Kim Hammer (R),
Bart Hester (R),
Jimmy Hickey (R),
Ricky Hill (R),
Missy Irvin (R),
Blake Johnson (R),
Mark Johnson (R),
Bryan King (R),
Matt McKee (R),
John Payton (R),
Clint Penzo (R),
Jim Petty (R),
Terry Rice (R),
Brad Simon (R),
Matt Stone (R),
Dan Sullivan (R),
Dave Wallace (R),
Last Action
Notification that SB1 is now Act 2 (on 05/06/2026)
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