From reducing income tax to lowering the sales tax on used cars, there are several pieces of tax legislation passed in 2021 that will take effect on January 1, 2022. In the most recent special session, the General Assembly passed Act 1 and Act 2, which are identical pieces of legislation that reduce the top…
From filling out a job application to completing a homework assignment, the vast majority of our day-to-day lives are dependent on internet access. It is no longer a luxury, and now is a critical time for our state to close the digital divide. Arkansas ranks 41st in state broadband access rating according to Broadbandnow.com. The…
Legislation providing the largest state income tax reduction in state history has now been signed into law. Act 1 and Act 2 are identical pieces of legislation passed by the 93rd General Assembly in the special session held this week. These acts will reduce the top income tax rate for individuals from 5.9% to 4.9%…
The General Assembly is scheduled to convene for an Extraordinary Session on Tuesday, December 7. The Arkansas Constitution says Extraordinary Sessions, often referred to as special sessions, can only be called by the Governor. The Governor announced this week he is calling the session to address tax cuts and several miscellaneous items of legislation. The…
