Tax cut plan sails through Arkansas legislative committees as special session begins

By: Tess Vrbin

Outlets: Arkansas Advocate

Published: May 4, 2026

Words: 643

Last Updated: 1 month, 2 weeks ago

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Arkansas lawmakers advanced what would be the state’s fourth income tax cut in four years Monday despite critics’ warnings that reducing revenue could jeopardize social services.

Senate Bill 1 and House Bill 1001 would cut the top individual income tax rate from 3.9% to 3.7% retroactive to Jan. 1, 2026, and the corporate tax rate from 4.3% to 4.1% effective Jan. 1, 2027. The Revenue and Tax committees in both chambers passed …

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