Video & Transcript Research : '1204'
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Arkansas 2026 1st Special Session
REVENUE & TAXATION- HOUSE May 4th, 2026
Summary:
The committee heard House Bill 1001, sponsored by Representative Les Eaves, which would lower the Arkansas personal income tax rate to 3.7% retroactive to the current year and reduce the corporate income tax rate to 4.1% beginning in 2027. Eaves argued the bill continues a decade-long strategy of broad-based tax relief, saying it would help working families, keep Arkansas competitive, and reduce future surpluses rather than cut services. He said the personal rate change would affect income above $26,400 for taxpayers in the lower table and that the average taxpayer could see roughly $800 to $1,000 in annual savings from recent tax cuts overall.
Several opponents testified that the state cannot afford additional tax cuts given existing needs. Arkansas Appleseed, Arkansas Advocates for Children and Families, a pastor, a nonprofit worker, and a parent of an adult with disabilities all argued that Arkansas should prioritize funding for public schools, early childhood education, health care, rural hospitals, food assistance, and supported living services. They said the state faces high food insecurity, underfunded education, and growing demands on the budget from federal changes and state programs such as Education Freedom Accounts, and that the tax cut would disproportionately benefit higher earners while providing little relief to most families.
In closing, Eaves and Rep. Ray defended the bill as part of a broader pro-growth tax policy, saying the legislature has continued to fund major priorities while also returning money to taxpayers. Ray said the state should not wait to help taxpayers until every social problem is solved and argued the cumulative tax savings have benefited working families. The committee then adopted a motion to pass HB 1001, and the bill passed by voice vote before adjournment.
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Summary:
The Arkansas House convened with prayer and the Pledge of Allegiance, established a quorum with 96 members present, and granted several leaves of absence. The chamber recognized visiting state troopers and the nurse of the day before receiving the governor’s proclamation calling the General Assembly into extraordinary session.
The governor’s call stated the special session was convened to consider tax relief measures, including changes to individual income tax brackets and rates with a top rate of 3.7% effective January 1, 2026, and changes to corporate income tax brackets and rates with a top rate of 4.1% effective January 1, 2027. The call also included payment of legislative expenses and per diem for the special session. The Speaker reminded members that only items germane to the call could be considered.
The House then adopted motions to suspend House Rules 41A, 41B, and 60 for the duration of the special session, allowing expedited bill handling and committee notice. House Bill 1001, titled Revenue and Tax, was read a second time. The House notified the Senate and governor that it was in session and ready for business, then adjourned until 9:30 the next morning. An announcement noted the Revenue and Tax committee would meet later that day at 5:15 p.m. in Big Mac B.
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Summary:
The Senate Revenue and Tax Committee met to consider Senate Bill 1, presented by Senator Jonathan Dismang as the next step in Arkansas’s long-running effort to reduce the state income tax rate. He said the bill would lower the rate from 7% to 3.7%, with the personal income tax change retroactive to January 1, 2026, and the corporate income tax change taking effect the following January. In response to a question, he estimated that a person making $65,000 would see their tax bill fall from roughly $3,600 to just over $2,000, or about a 45% reduction in effective tax rate.
Several members of the public testified against the bill, arguing that further tax cuts would reduce revenue needed for education, health care, food assistance, housing, and disability services. Speakers included a clergy member and social worker from Little Rock, a parent describing the high cost of supported living services for her son with cerebral palsy, representatives from Arkansas Appleseed and Arkansas Advocates for Children and Families, and a Marshallese community advocate. They emphasized underfunded public schools, early childhood education waitlists, hospital and child care pressures, and the view that tax cuts disproportionately benefit higher-income taxpayers while vulnerable Arkansans rely on state-funded services.
In closing, Senator Dismang said the bill was part of a decade-long tax reduction effort and argued that Arkansas could be both compassionate and competitive without cutting essential services, noting the state was operating with a surplus. Senator Petty and Senator Boyd echoed support, saying the state should focus on outcomes, maintain competitiveness, and that no services would be cut. The committee then voted do pass on SB 1, and the bill passed by voice vote before the meeting adjourned.
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Summary:
The Senate convened for the final day of the fiscal session of the 95th General Assembly, with routine introductions and recognitions of guests, students, athletes, and staff. Members also received notice of several bills already signed by the governor and House-passed Senate bills returned for enrollment. The chamber then moved into its budget agenda, where Senator Dismang presented House Bill 1100, the Revenue Stabilization Law measure that creates funds, makes transfers, and carries an emergency clause. Senator Penzo explained his procedural vote on the companion Senate bill, and Senator King spoke against the bill, arguing that declining turnback percentages have reduced funding for counties and cities and worsened local fiscal pressures. Despite that criticism, HB 1100 passed 32-0 and its emergency clause was adopted.
The Senate next approved a batch of House budget bills by a 34-0 vote, including appropriations for the Department of Education, Arkansas Development Finance Authority, Department of Human Services, Treasurer of State, Department of Health programs, the University of Arkansas at Little Rock, DFA Disbursing Officer, and the Department of Energy and Environment’s Division of Environmental Quality. Members then adopted House Concurrent Memorial Resolution 1001 honoring Bishop Kenneth Lindell Robinson, Sr., with remarks from Senator Love and a brief statement from Dr. Robinson. The chamber also adopted Senate Resolution 32 recognizing the Parkview Arts and Sciences Magnet High School boys basketball team as the 2006 Class 5A state champions, followed by comments from Coach Jason Harrison and a short recess for photographs.
After returning to session, the Senate moved into Committee of the Whole to select its President pro tempore designee for the 96th General Assembly. Senator Blake Johnson nominated Senator Breanne Davis, and Senator Ron Caldwell also announced his candidacy. On a division vote, 20 members stood in support of Senator Davis, and she was declared the President pro tempore designee. She thanked members for their support and emphasized cooperation among senators. The Senate then reported back into session and moved to adjourn sine die, with leaders noting that a special session was expected early the following week and that staff and outgoing members would be honored then.
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Arkansas 2026 1st Special Session
ALC-EXECUTIVE SUBCOMMITTEE Apr 28th, 2026
ALC-EXECUTIVE SUBCOMMITTEE
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