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Tax Cuts Passed in Special Session

May 8, 2026
The Arkansas House convened in special session this week to consider legislation related to income tax reductions. Members returned to the Capitol on Monday and adjourned on Wednesday after passing identical measures, House Bill 1001 and Senate Bill 1, outlining changes to the state’s income tax rates. The legislation lowers the top individual income tax […]

Daily Summary for Wednesday, May 6, 2026

May 6, 2026
The House concluded the special session by passing SB1, the Senate version of the tax relief measure, and the Governor has since signed both HB1001 and SB1 into law. The legislation lowers the top individual income tax rate to 3.7% beginning January 1, 2026, and reduces the top corporate income tax rate to 4.1% starting […]

Daily Summary for Tuesday, May 5, 2026

May 5, 2026
The House convened for the second day of the special session and approved HB1001 by a vote of 79–17. The bill would lower the top individual income tax rate to 3.7% beginning January 1, 2026, and reduce the top corporate tax rate to 4.1% starting January 1, 2027. The House Revenue and Taxation Committee also […]

Daily Summary for Monday, May 4, 2026

May 4, 2026
The House convened Monday for a special session called by the Governor to consider tax relief. The House Revenue and Taxation Committee advanced HB1001, which would lower the top individual income tax rate to 3.7% beginning January 1, 2026, and reduce the top corporate tax rate to 4.1% starting January 1, 2027. The House is […]

Special Session to Begin Monday

May 1, 2026
The Arkansas House has wrapped up the 2026 Fiscal Session, and attention now turns to a Special Session scheduled to begin next week, focused on tax relief. During the Fiscal Session, the House passed the Revenue Stabilization Law, outlining a proposed $6.7 billion budget for the upcoming fiscal year. The plan represents an overall increase […]

Daily Summary for Wednesday, April 29, 2026

April 29, 2026
The 2026 Fiscal Session has adjourned sine die. Members completed action on remaining appropriation bills and approved the Senate version of the Revenue Stabilization Act, which was signed into law by the Governor this afternoon. The budget holds overall spending growth to $211 million over last year and focuses on targeted investments in Educational Freedom […]
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Daily Summary for Tuesday, April 28, 2026

April 28, 2026
The House is nearing the conclusion of the 2026 Fiscal Session. Members approved the Revenue Stabilization Act, establishing the state budget for Fiscal Year 2027, along with more than a dozen appropriation bills for agencies and institutions including the Division of Elementary and Secondary Education, Department of Health, University of Arkansas at Little Rock, and […]
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Daily Summary for Monday, April 27, 2026

April 27, 2026
The House voted to amend the Revenue Stabilization Law, advancing a proposed $6.7 billion budget for the upcoming fiscal year. The amendment reflects an overall increase of $211 million compared to the current year and focuses on targeted investments in key areas, including Educational Freedom Accounts, the Arkansas State Police, the Department of Correction, and […]
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2026 Fiscal Session Week 3

April 24, 2026
The House wrapped up the third week of the 2026 Fiscal Session, and we expect to complete our work next week. As the session moves forward, our focus remains on passing a responsible budget that prioritizes the needs of Arkansans while maintaining fiscal discipline. On Thursday, the Joint Budget Committee adopted an amendment to the […]
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Daily Summary for Thursday, April 23, 2026

April 23, 2026
On Thursday, the Joint Budget Committee adopted an amendment to the Revenue Stabilization Act (RSA), the framework that outlines and prioritizes state spending for the upcoming fiscal year. The proposal includes an overall increase of $211 million compared to the current fiscal year, with targeted investments in Educational Freedom Accounts, the Arkansas State Police, the […]
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Daily Summary for Wednesday, April 22, 2026

April 22, 2026
The Fiscal Session continued on Wednesday, with the Special Language Subcommittee spending several hours reviewing proposed amendments to appropriation bills. The subcommittee provides recommendations to the Joint Budget Committee on special language, which outlines how funds may be used for the operations of state agencies, boards, commissions, and higher education institutions. The House passed several […]