Summaries

Daily Summary – Sep 15

2023-10-13T00:58:11+00:00 Sep 15th, 2023|Summaries|

This week, the House convened for an Extraordinary Session to address tax cuts, vaccine mandates for state agencies, amendments to the Freedom of Information Act, and technical corrections to previously passed legislation. SB8 reduces the top personal income tax rate from 4.7% to 4.4%. The bill also reduces the corporate income tax rate from 5.1% [...]

Daily Summary – Sep 14

2023-10-13T00:55:54+00:00 Sep 14th, 2023|Summaries|

Our work for the Extraordinary Session is now complete and the legislation passed has been signed into law. This morning, the House passed HB1007 and SB8. These are identical bills reducing the top personal income tax rate from 4.7% to 4.4%. The bills also reduce the corporate income tax rate from 5.1% to 4.8%. In [...]

Daily Summary – Sep 13

2023-10-13T00:54:25+00:00 Sep 13th, 2023|Summaries|

On the third day of the Extraordinary Session, the House Revenue and Taxation Committee advanced HB1007. HB1007 reduces the top personal income tax rate from 4.7% to 4.4%. It reduces the corporate income tax rate from 5.1% to 4.8%. In addition, the bill provides an income tax credit of $150 to taxpayers making less than [...]

Daily Summary – Sep 12

2023-09-13T20:57:42+00:00 Sep 12th, 2023|Summaries|

On the second day of the Extraordinary Session, the House Public Health, Welfare and Labor Committee advanced HB1002. This bill states that a state agency, a political subdivision of the state, or a state or local official shall not mandate an individual to receive a vaccine or immunization for COVID-19 or any subvariants of COVID-19. [...]

Weekly Summary – Apr 7

2023-04-21T15:44:28+00:00 Apr 7th, 2023|Summaries|

In the final week of the 2023 Regular Session, the House passed a criminal justice reform bill, a tax cut, and a budget that increases spending in education and public safety. The House passed SB549. This bill will reduce the state’s top income tax rate from 4.9% to 4.7%. It also reduces the corporate income [...]

Daily Summary – Apr 6

2023-04-21T15:43:35+00:00 Apr 6th, 2023|Summaries|

On Thursday, the House passed HB1833. This bill amends the Revenue Stabilization Act. It categorizes $6.2 billion in state spending for the next fiscal year. The biggest increases in funding are directed to the public school fund and the Division of Correction. The budget also includes $31.7 million for Educational Freedom Accounts. The House also [...]

Daily Summary – Apr 5

2023-04-21T15:42:45+00:00 Apr 5th, 2023|Summaries|

On Wednesday, the House passed SB549. This bill will reduce the state’s top income tax rate from 4.9% to 4.7%. It also reduces the corporate income tax rate from 5.3% to 5.1%. The reductions will be retroactive to January 1, 2023. The House also passed the following bills: SB396-This bill creates the Social Media Safety [...]

Daily Summary – Apr 4

2023-04-21T15:42:04+00:00 Apr 4th, 2023|Summaries|

On Tuesday, the House adopted HJR1006. This resolution is a proposed constitutional amendment that would allow lottery proceeds to provide scholarships and grants to Arkansans enrolled in vocational-technical schools and technical institutes. The House also passed the following bills: HB1688-This bill amends public school funding. It increases per-pupil funding from the current amount of $7,413 [...]

Daily Summary – Apr 3

2023-04-21T15:41:25+00:00 Apr 3rd, 2023|Summaries|

On Monday, the House passed HB1345. This bill increases the income tax deduction for a teacher’s classroom expenses from $500 a year to $750 a year. The House also passed the following bills: HB1720-This bill states that a digital currency tracker shall not be used in this state to track an individual's purchases or location [...]

Weekly Summary – Mar 31

2023-04-21T15:40:31+00:00 Mar 31st, 2023|Summaries|

When the House reconvenes on Monday, members will likely be entering the last week of the 2023 Regular Session. Currently, the General Assembly is expected to adjourn on April 7. Before members adjourn, they will be addressing education funding, tax cuts, and amending the Revenue Stabilization Act which prioritizes spending for the next fiscal year. [...]