Arkansas 2023 First Extraordinary Session Status: In Committee

SB 2 — TO REDUCE THE INCOME TAX RATES APPLICABLE TO INDIVIDUALS, TRUSTS, ESTATES, AND CORPORATIONS; TO CREATE AN INFLATIONARY RELIEF INCOME TAX CREDIT FOR CERTAIN TAXPAYERS; AND TO DECLARE AN EMERGENCY.

Last action — Sine Die adjournment

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 2023 First Extraordinary Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there are no live odds of enactment. It would have to be reintroduced in the current session to move again.

In plain language

The bill reduces income tax rates for individuals, trusts, estates, and corporations in Arkansas.

This bill amends Arkansas's income tax laws to lower rates for filers including individuals and corporations, effective January 1, 2024. It also establishes an inflationary relief tax credit for specific taxpayers.

What this means for you
  • Consumers: Consumers may see a reduction in taxation, potentially increasing disposable income.
  • Small Business: Small businesses could benefit from lower corporate tax rates, impacting overall profitability.

Bill Text

Action History

  1. Sine Die adjournment

  2. Withdrawn by author.

  3. Withdrawn from Committee and placed on calendar.

  4. Read first time, rules suspended, read second time, referred to REVENUE & TAX - SENATE

  5. Filed

Sponsors

Sponsorship breakdown

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2 sponsors · 62 co-sponsors · 74 not signed on

Sponsors (2)

Co-sponsors (62)

Not signed on (74)

74 members have not signed on to this bill.

Show all 74 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors SB 2?
SB 2 is sponsored by Dave Wallace, Dan Sullivan, Matt Stone, Terry Rice, Jim Petty, Clint Penzo, John Payton, Matt McKee, Blake Johnson, Missy Irvin, Ricky Hill, Bart Hester, Kim Hammer, Ben Gilmore, Scott Flippo, Jane English, Jim Dotson, Tyler Dees, Breanne Davis, Steve Crowell, Alan Clark, Ronald Caldwell, Joshua Bryant, Justin Boyd, Jimmy Hickey, Jr, Jim Wooten, Wing, Watson, Les Warren, Jeff Wardlaw, DeAnn Vaught, Steve Unger, Kendon Underwood, Dwight Tosh, Johnny Rye, Ryan A. Rose, David Ray, Brit McKenzie, Rick McClure, Mindy McAlindon, John Maddox, Roger D. Lynch, Robin Lundstrum, Wayne Long, Jack Ladyman, Steve Hollowell, RJ Hawk, Haak, Jimmy Gazaway, Tony Furman, Fortner, Cindy Crawford, Cameron Cooper, Frances Cavenaugh, Rebecca Burkes, Karilyn Brown, Keith Brooks, Rick Beck, Howard M. Beaty, Jr., Wade Andrews, Matthew J. Shepherd, Les D. Eaves, Jonathan Dismang, and M. Berry.
What is the current status of SB 2?
This bill died with 2023 First Extraordinary Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track SB 2?
Track SB 2 free on One Click Politics — get push/email alerts when it moves.

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