AR SB522

Reduces all Arkansas individual income tax rates to 0% for residents, individuals, trusts, and estates by amending Arkansas Code § 26-51-201

Eliminates existing tax brackets that previously ranged from 0.9% to 7%, replacing all rates with 0% across all income levels

Applies the tax rate reduction to all income categories including standard brackets, adjusted tables for different income levels, and bracket adjustment provisions

Effective for tax years beginning on or after January 1, 2022, with no retroactive effect

Maintains existing provisions for nonresident trusts, estates, and beneficiaries, which continue to owe tax only on income derived from Arkansas sources