Skip to content

Did You Hear? You Got Another Tax Cut

Did You Hear? You Got Another Tax Cut

July 2, 2024 Last Edit: January 29, 2025

In the past two years, Arkansas lawmakers have passed four tax cuts.

Did You Hear? You Got Another Tax Cut

Last month, lawmakers passed another round of tax cuts. In less than two years, Governor Huckabee Sanders and the General Assembly have cut taxes four times, demonstrating a real commitment to lowering the tax burden of hardworking Arkansans.
Here’s what you need to know:
  • The top individual income rate was cut from 4.4 percent to 3.9 percent.
  • The top corporate income rate was cut from 4.8 percent to 4.3 percent.
After lawmakers sent the tax cuts package to Governor Huckabee Sanders, NFIB State Director Katie Burns applauded the relief as getting us “one step closer” to a fully phased-out state income tax.
Get to know NFIB

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

Receive our newsletter and email notification
Knowledge is power. Let us help you stay informed with breaking legislative news, regulatory updates, business tips, and more.

Related Articles

February 11, 2025
NEW NFIB SURVEY: Small Businesses Remain Optimistic, But Uncert…
Small business owners report few skilled applicants in January for their op…
Read More
February 6, 2025
NFIB Jobs Report: Job Openings Remain a Top Concern for Main St…
Unfilled job openings pose persistent challenge for small businesses, espec…
Read More
February 3, 2025
Vermont Capitol Update
In his budget address and other public comments, Governor Phil Scott called…
Read More
February 3, 2025
NY Capitol Update: 2025 Executive Budget Proposal
The state has estimated budget gaps of $6.5 billion in 2027, $9.8 billion i…
Read More

© 2001 - 2025 National Federation of Independent Business. All Rights Reserved. Terms and Conditions | Privacy Policy | Accessibility