The Arkansas House of Representatives has passed a bill that would modify tax brackets to provide reductions for individual, trust, and estate taxpayers. In addition, the bill would repeal a provision that contains a trigger for reduced income tax rates based upon collections from out-of-state sellers. If enacted, the changes would be effective for tax years beginning on and after January 1, 2020.
S.B. 211, as passed by the Arkansas House of Representatives on February 14, 2019