STATE:

Why NFIB

Take Action

Get Support

Stay Informed

Podcast Podcast

Careers Careers

Join Now

Home / News /

Legislative Review: A Look at the 2023 Session in Arkansas

May 24, 2023 Last Edit: June 5, 2025

Legislative Review: A Look at the 2023 Session in Arkansas

The 94^th General Assembly Regular Session adjourned Sine Die on May 1, 2023. With a new chief executive at the helm of state government, the Governor made it clear that her goal this Session was to overhaul Arkansas’s education system, re-work the criminal justice system, and implement tax cuts for a majority of Arkansans. All three issues were successfully addressed. Tax Bill Senator Jonathan Dismang (Searcy) introduced SB549 in a press conference with Governor Sanders. Now Act 532 of 2023, the bill provided a tax cut to Arkansans. The bill cut the individual rate to 4.7% (down from 4.9%). The business rate was decreased as well, from 5.3% to 5.1%. The total plan will impact 1.1 million Arkansans and cut $150 million from personal income taxes, as well as $36 million from corporate income taxes. Youth Employment Representative Rebecca Burkes (Springdale) and Senator Clint Penzo (Springdale) introduced HB1410. After the Governor’s signature, Act 195 of 2023repealed the requirement that employers of minorsmust secure an employment certificate from the Department of Labor as well as have their files subject to review by the Department of Education. Pause on Fees for New Businesses Representative Aaron Pilkington (Clarksville) and Senator Clint Penzo (Springdale) introduced HB1669to pause fee collection on new businesses in Arkansas. Despite NFIB members calling on their elected officials to pass this bill, the bill was never taken up in the House Revenue and Taxation Committee.

Topics:

Taxes

State:

Arkansas

Get to know NFIB

NFIB is a member-driven organization advocating on behalf of small and independent businesses nationwide.

Learn More

July 27, 2026

Shop Small During New Mexico’s Back-to-School Tax-Free Holiday

Certain back-to-school items will be exempt from sales tax from Friday, July 31-Sunday, August 2

July 27, 2026

Podcast: State Tax Hikes on the Ballot This Year

Experts on the Small Business Rundown discuss proposed state tax increases and the impact higher taxes would have on small businesses across the nation.

July 27, 2026

Northern Illinois Sales Taxes Increase August 1

The higher taxes in Northern Illinois are to fund the Chicago-area public-transit system

July 27, 2026

Arkansas’ Sales Tax Holiday Weekend Is an Opportunity to Shop Small

Certain items will be exempt from sales tax Saturday, August 1-Sunday, August 2

Legislative Review: A Look at the 2023 Session in Arkansas

Related Articles