LITTLE ROCK, Ark. — Arkansas lawmakers on Thursday approved a $500 million tax cut package and adjourned a special session without taking up teacher raises, abortion ban exceptions or other ...

Arkansas Gov. Sarah Huckabee Sanders signed legislation that cuts the state's top individual tax rate from 4.4% to 3.9% and the top corporate rate from 4.8% to 4.3%. Finance officials say the cuts ...

The tax cut reduces Arkansas’ top income tax rate from 5.9% to 5.5% next year and to 4.9% in the next four years if certain economic conditions are met. The legislation would also reduce the ...

Arkansas Gov. Sarah Huckabee Sanders has signed legislation cutting the state's property and income taxes By ANDREW DeMILLO - Associated Press Jun 19, 2024 27 mins ago 0 1 of 2 ...

Hardin says the tax cut can be figured out by subtracting a 2024 tax rate from a 2023 tax rate. For example, someone who makes around $56,000 a year can expect to save between $200 to $280.

The other legislation signed by Sanders increases the homestead tax credit from $425 to $500, retroactive to Jan. 1. That cut will cost $46 million.