Arkansas 2026 First Extraordinary Session Status: Enacted

HB 1001 — TO REDUCE THE INCOME TAX RATES FOR INDIVIDUALS, TRUSTS, ESTATES, AND CORPORATIONS.

Last action — Notification that HB1001 is now Act 1

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

This bill has been enacted into law. Introduced May 01, 2026. Enacted.

Signed by Governor Sarah Huckabee Sanders (Republican) on May 06, 2026.

Odds of enactment

High chance

Based on the sponsor, cosponsors, and committee posture, this bill has a high chance of becoming law.

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A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Advancing 60% · moderate confidence

  • Enacted

    Current position in the legislative process.

  • 75 sponsors

    2 primary, 73 co-sponsors signed on.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

Bill Text

What changed in the latest version

1 added · 2 removed

Plain-language change summary

In the updated version of Bill HB 1001, a date has been added to clarify when the bill was approved. Additionally, a reference to a previous act has been removed, likely to streamline the legislation and focus on the current changes. This matters because it helps ensure that the bill is clear and up-to-date, making it easier for everyone to understand its intentions and implications.

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Act 1 of the First Extraordinary Session State of Arkansas Call Item 1 95th General Assembly A Bill First Extraordinary Session, 2026 HOUSE BILL 1001 5 By:
State of Arkansas Call Item 1 95th General Assembly A Bill First Extraordinary Session, 2026 HOUSE BILL 1001 5 By:
APPROVED:
4 05/01/2026 8:05:20 AM JLL443
5/6/26 4 05/01/2026 8:05:20 AM JLL443
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How this bill changes current law

3 changes Share ↗

AI-generated reading aid from the bill's amendatory text — verify against the official bill.

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

  • Arkansas Code § 26-51-201(a)(4)

    Every resident, individual, trust, or estate having net income greater than ninety-four thousand seven hundred dollars ($94,700) → Every resident, individual, trust, or estate having net income greater than ninety-four thousand seven hundred dollars ($94,700)

    This change introduces a new income tax rate structure for higher income brackets.

  • Arkansas Code § 26-51-205(a)

    For tax years beginning on or after January 1, 2027, every corporation organized under the laws of this state shall pay annually an income tax with respect to carrying on or doing business on the entire net income of the corporation, as now defined by the laws of this state, received by the corporation during the income year, on the following basis: (A) On the first three thousand dollars ($3,000) of net income or any part thereof, one percent (1%); (B) On the next three thousand dollars ($3,000) of net income or any part thereof, two percent (2%); (C) On the next five thousand dollars ($5,000) of net income or any part thereof, three percent (3%); and (D) On net income exceeding eleven thousand dollars ($11,000), four and one-tenths percent (4.1%).

    This addition establishes a new tax structure for income taxes levied on domestic corporations starting in 2027.

  • Arkansas Code § 26-51-205(b)

    For tax years beginning on or after January 1, 2027, every foreign corporation doing business within the jurisdiction of this state shall pay annually an income tax on the proportion of its entire net income as now defined by the income tax laws of this state, on the following basis: (A) On the first three thousand dollars ($3,000) of net income or any part thereof, one percent (1%); (B) On the next three thousand dollars ($3,000) of net income or any part thereof, two percent (2%); (C) On the next five thousand dollars ($5,000) of net income or any part thereof, three percent (3%); and (D) On net income exceeding eleven thousand dollars ($11,000), four and one-tenths percent (4.1%).

    This new subdivision outlines a tax structure for income taxes specifically applicable to foreign corporations starting in 2027.

Action History

  1. Notification that HB1001 is now Act 1

  2. Correctly enrolled and ordered transmitted to the Governor's Office.

  3. TO BE ENROLLED

  4. Returned from the Senate as passed.

  5. Returned to the House as passed.

  6. Read the third time and passed.

  7. Returned by the Committee, with the recommendation that it Do Pass

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

  9. Received from the House.

  10. Read the third time and passed and ordered transmitted to the Senate.

  11. Returned by the Committee Do Pass

  12. Read the first time, rules suspended, read the second time and referred to the Committee on REVENUE & TAXATION- HOUSE

  13. Filed

Sponsors

Sponsorship breakdown

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2 sponsors · 73 co-sponsors · 63 not signed on

Sponsors (2)

Co-sponsors (73)

Not signed on (63)

63 members have not signed on to this bill.

Show all 63 →

"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 HB 1001?
HB 1001 is sponsored by Harlan Breaux, Rick Beck, Jon S. Eubanks, Jason Nazarenko, Roger D. Lynch, Les Warren, Lee Johnson, Jeff Wardlaw, Sonia Eubanks Barker, Matt Brown, Frances Cavenaugh, Justin Gonzales, RJ Hawk, Shad Pearce, Austin McCollum, Stephen Meeks, Steve Unger, Mark Perry, DeAnn Vaught, Bart Schulz, Marcus E. Richmond, Mark D. McElroy, Chad Puryear, Jon Milligan, Rick McClure, Mary Bentley, Ryan A. Rose, David Ray, Jeremiah Moore, Richard McGrew, Brit McKenzie, James Eaton, Mike Holcomb, Cindy Crawford, Trey Steimel, Randy Torres, Zack Gramlich, Dwight Tosh, Wayne Long, Jack Ladyman, Steven Walker, Jeremy Wooldridge, Jim Wooten, Tony Furman, Paul Childress, Hope Duke, Alyssa Brown, Cameron Cooper, Brandon Achor, Bruce Cozart, Nick Burkes, Lane Jean, Karilyn Brown, Carol Dalby, Richard Womack, Wade Andrews, Steve Hollowell, Jimmy Gazaway, Stetson Painter, Matthew J. Shepherd, Kendon Underwood, Aaron Pilkington, Kendra Moore, Keith Brooks, Dolly Henley, Mindy McAlindon, Rebecca Burkes, Robin Lundstrum, Howard M. Beaty, Jr., John Maddox, Brian S. Evans, Jonathan Dismang, Les D. Eaves, R. Scott Richardson, and Joey L. Carr.
What is the current status of HB 1001?
This bill has been enacted into law. Introduced May 01, 2026. Enacted.
Where can I track HB 1001?
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