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Bill > HB1001


AR HB1001

AR HB1001
To Reduce The Income Tax Rates For Individuals, Trusts, Estates, And Corporations.


summary

Introduced
05/01/2026
In Committee
05/05/2026
Crossed Over
05/05/2026
Passed
05/06/2026
Dead
Signed/Enacted/Adopted
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 proposes to reduce income tax rates for individuals, trusts, estates, and corporations in Arkansas. For individuals, trusts, and estates, starting in tax years beginning on or after January 1, 2026, the bill introduces new tax brackets with lower rates for income up to $94,700, and a flat rate of 3.7% for income above that threshold, with a gradual reduction in tax liability for those earning between $94,701 and $97,600. For corporations, both domestic and foreign, beginning in tax years on or after January 1, 2027, the bill establishes a new tiered tax structure with rates ranging from 1% on the first $3,000 of net income up to 4.1% on net income exceeding $11,000.

Committee Categories

Budget and Finance

Sponsors (75)

Jonathan Dismang (R)* Les Eaves (R)* Brandon Achor (R),  Wade Andrews (R),  Sonia Barker (R),  Howard Beaty (R),  Rick Beck (R),  Mary Bentley (R),  Harlan Breaux (R),  Keith Brooks (R),  Alyssa Brown (R),  Karilyn Brown (R),  Matt Brown (R),  Nick Burkes (R),  Rebecca Burkes (R),  Joey Carr (R),  Fran Cavenaugh (R),  Paul Childress (R),  Cameron Cooper (R),  Bruce Cozart (R),  Cindy Crawford (R),  Carol Dalby (R),  Hope Duke (R),  James Eaton (R),  Jon Eubanks (R),  Brian Evans (R),  Tony Furman (R),  Jimmy Gazaway (R),  Justin Gonzales (R),  Zack Gramlich (R),  R.J. Hawk (R),  Dolly Henley (R),  Mike Holcomb (R),  Steve Hollowell (R),  Lane Jean (R),  Lee Johnson (R),  Jack Ladyman (R),  Wayne Long (R),  Robin Lundstrum (R),  Roger Lynch (R),  John Maddox (R),  Mindy McAlindon (R),  Rick McClure (R),  Austin McCollum (R),  Mark McElroy (R),  Richard McGrew (R),  Brit McKenzie (R),  Stephen Meeks (R),  Jon Milligan (R),  Jeremiah Moore (R),  Kendra Moore (R),  Jason Nazarenko (R),  Stetson Painter (R),  Shad Pearce (R),  Mark Perry (D),  Aaron Pilkington (R),  Chad Puryear (R),  David Ray (R),  Scott Richardson (R),  Marcus Richmond (R),  Ryan Rose (R),  Bart Schulz (R),  Matthew Shepherd (R),  Trey Steimel (R),  Randy Torres (R),  Dwight Tosh (R),  Kendon Underwood (R),  Steve Unger (R),  DeAnn Vaught (R),  Steven Walker (R),  Jeff Wardlaw (R),  Les Warren (R),  Richard Womack (R),  Jeremy Wooldridge (R),  Jim Wooten (R), 

Last Action

Notification that HB1001 is now Act 1 (on 05/06/2026)

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