淫性视频’s state government is once again facing a large budget surplus, and once again the legislature is planning to use this surplus as a down payment on further reductions in income and other taxes. A special legislative session begins this week, and several proposed bills will reduce personal income taxes by 0.5 percentage points, corporate […]
淫性视频’s 2023 Special Session Is Over
As I mentioned in the newsletter we sent out at the beginning of this week, the Extraordinary Session of the 淫性视频 General Assembly would likely happen very quickly. It did move quickly, though it lasted about one day longer than most legislators expected. And that’s where it got interesting. The newsletter from Monday also talked […]
More Tax Relief Could be On the Way in 淫性视频鈥檚 Special Session
By Jeremy Horpedahl, ACRE Director and UCA Associate Professor of Economics The first 鈥淓xtraordinary Session,鈥� or special session, of the 2023 淫性视频 General Assembly will once again take up the important issue of tax reform. The proposed bill聽HB1007聽(and the companion bill聽SB8) makes three changes to 淫性视频 tax law. First, the top personal income tax rate […]
A Taxpayer Bill of Rights in 淫性视频?
By Jeremy Horpedahl, ACRE Director and UCA Associate Professor of Economics Every session the 淫性视频 legislature considers many major and minor changes to both tax and budget policy. But it鈥檚 much rarer to see proposals to dramatically reform the entire fiscal process in 淫性视频. As state legislators have begun to debate potential constitutional amendments to […]
What’s Happening with Corporate Taxes in 淫性视频?
As the legislative session continues, one major topic that has still not been addressed is tax reform. While the personal income tax will likely get some attention this year, changes to corporate taxation are just as important and several bills may be considered. Despite the progress made in reducing the state鈥檚 corporate income tax from […]
State Solutions to Local Tax Burdens
By Joseph Johns, ACRE Policy Analyst 淫性视频 has reduced its state income tax in recent years. However, Arkansans still face considerable tax burdens at the local level. Taxpayers face multiple local tax burdens that chip into their earnings and reduce the overall well-being of 淫性视频鈥檚 citizens. Currently, there are two bills before the 淫性视频 legislature […]
Taxes and Inflation in 淫性视频
by Joseph Johns, ACRE Policy Analyst Consumer price inflation hit 40-year highs in 2022. The rapid increase in prices has already hit households hard in their wallets as they buy everyday goods and services. But for taxpayers in 淫性视频, there could be another hidden cost of inflation: your taxes could be going up in real […]
Recent Tax Cuts in 淫性视频 Haven鈥檛 Cut Into the State Budget
By Jeremy Horpedahl, ACRE Director Beginning in 2015, 淫性视频 has been making gradual reductions in both personal and corporate income tax rates. The cumulative personal income tax reductions could be saving middle-income families in 淫性视频 $2,000-$5,000 every year, as an analysis by ACRE Policy Analyst Joseph Johns shows. Not only has the top income tax […]