NFIB/Arkansas Legislative Victories
- Passed legislation that reformed the Arkansas tax code by exempting half of all capital gain income from state taxation, and reducing the income tax rate in Arkansas. These measures will save Arkansans more than $30 million per year.
- Defeated proposals that would have meant higher workers’ compensation and unemployment insurance tax premiums. With the help of our members and supporters, a number of proposals aimed at increasing workers’ compensation and unemployment benefits were prevented from becoming law.
- Passed legislation that will make a person in-eligible for unemployment benefits if they are fired for harassment, unprofessional conduct, insubordination, or absenteeism. The new legislation makes it clear that being fired for failure to protect the employer’s interest disqualifies a person from receiving unemployment.
- Defeated legislation that would have created an earned income tax credit in Arkansas. This bill would have created a $40 million dollar annual welfare program that would have taken money from Arkansans who pay taxes and given it to those who do not as a “tax refund.”
- Passed legislation that created a sales tax credit on machinery and equipment purchased to modify, replace or repair existing machinery used by manufacturers or processors. This legislation will save Arkansas tax payers more than $20 million per year.
Updated June 21, 2013