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AR HB1384

Bill

Status

Failed

4/22/2015

Primary Sponsor

Charles Collins

Click for details

Origin

House of Representatives

90th General Assembly (2015 Regular)

AI Summary

  • Amends Arkansas Code § 26-51-201(a)(9) to modify individual income tax rates for tax years beginning January 1, 2016
  • Applies to residents, individuals, trusts, and estates with net income over $75,000
  • Reduces the top marginal tax rate from 6.9% to 6.8% for income of $35,100 and above
  • Maintains existing tax brackets for income levels from $0 to $35,099 with rates ranging from 0.9% to 6%

Legislative Description

To Reduce Income Taxes.

Last Action

Died in House Committee at Sine Die adjournment.

4/22/2015

Committee Referrals

Revenue and Taxation3/17/2015

Full Bill Text

No bill text available