A report issued by the Arkansas Department of Finance showed tax revenue income for October has been consistently above forecasted amounts in all major areas. This follows after a record $1.6 billion budget surplus in the last fiscal year, which…
income tax
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Op-Ed: State Income Tax Front and Center
by Greg Kazaby Greg KazaThe Arkansas income tax has been a leading policy topic this year. On Jan. 1, the top marginal rate fell to 5.9 percent, according to the Federation of Tax Administrators. In April, Gov. Asa Hutchinson announced his intention to call…
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Rutledge Calls for 2022 Ballot Proposal to Eliminate State Income Tax
Arkansas Attorney General Leslie Rutledge has announced a plan to put a constitutional amendment on the 2022 election ballot that would eliminate the state’s individual income tax. Rutledge, who is seeking the GOP gubernatorial nomination in 2022, said she wants…
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Following Federal Government, Arkansas Moves Tax Filing Deadline Back One Month
by Tyler Haleby Tyler HaleGov. Asa Hutchinson has extended the individual income tax filing deadline, moving the date back one month. On Friday, March 19, Hutchinson announced that he would be moving the deadline to Monday, May 17. This announcement follows the U.S. Treasury…
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Federal Income Tax Deadline Pushed Back One Month
by Tyler Haleby Tyler HaleFederal income tax deadlines for individuals are being pushed back one month, according to the Internal Revenue Service (IRS). The IRS and the Treasury Department announced on Wednesday, March 17 that the individual federal income tax filing deadline would be…
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Biden Planning Biggest Federal Tax Increase Since 1993, According to New Report
by Tyler Haleby Tyler HaleNew economic proposals from President Joe Biden could result in the biggest tax increases the United States has seen in almost thirty years. On Monday, March 15, Bloomberg published a report, in which unidentified sources said that Biden is planning…
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House Report: Income Tax Changes for Arkansas Citizens
by AMP Staffby AMP StaffWith spring just around the corner, it’s important to remember that state and federal income tax forms are due soon. Both state and federal income tax forms must be postmarked no later than April 15, 2020, to avoid penalties and…
When I was running for governor in 2014, I promised to cut our income taxes by $100 million. With the support of the General Assembly, we not only kept that promise, but over the course of the past five years,…
I had the honor of signing several important bills this week, including the income-tax reduction, the pay increase for starting teachers, mandatory newborn screening for spinal muscular atrophy, the free-speech legislation for college campuses, and a reduction in fees for…
More than 140 bills have been signed into law during this session. There are hundreds of bills still to be heard in committee and we expect many more to be filed in the weeks ahead. As we head into our…