Rep. Marcus Richmond

Maddy summaryHB 1001 reduces income tax rates for Arkansas residents, including individuals, trusts, estates, and both domestic and foreign corporations. For individuals, the bill establishes a progressive tax structure with rates ranging from 0% to 3.7% for income up to $94,700, while providing a specific tax credit for income between $94,701 and $97,600. Corporations see their tax brackets adjusted starting in 2027, with rates increasing from 1% to 4.1% on net income exceeding $11,000. The legislation also includes provisions for annual adjustments to the individual tax tables to account for inflation or other economic factors.

Maddy summaryThis House Resolution formally recognizes the Mansfield High School Lady Tigers volleyball team as the 2025 Class 3A state champions of Arkansas. The bill acknowledges their victory over the Harding Academy Lady Wildcats and highlights their impressive season statistics and individual player achievements. Upon adoption, a copy of the resolution will be presented to the team's head coach as an official commendation.

Maddy summaryThis House resolution in Arkansas authorizes a legislator to introduce a bill that would regulate certain residential properties owned by business entities, such as corporations or limited liability companies. The proposed law would require these entities to clearly disclose that buyers are purchasing an ownership interest in the company rather than direct title to the home, and it would prohibit the entities from restricting how owners transfer their interests or charging fees for those transfers. Additionally, the bill mandates that any disputes be settled in state or federal courts and ensures that owners cannot be discriminated against based on the protections of the federal Fair Housing Act. The legislation also includes specific enforcement powers for the Attorney General and excludes properties owned by religious organizations or nonprofit groups from these new rules.

Maddy summaryThis bill increases the Arkansas homestead property tax credit for property owners, raising the annual reduction in real property taxes from $600 to $675. The change applies to assessment years starting on or after January 1, 2026, directly benefiting homeowners who qualify for the credit. By amending the state code, the legislation provides a slightly larger tax relief amount for eligible residents without altering other tax provisions.

Maddy summaryThis bill is a House Resolution that formally recognizes the Mansfield High School Tigers football team as the 2025 Class 3A state champions of Arkansas. The resolution highlights the team's historic achievements, including their first-ever state title, a perfect 14-0 season, and setting multiple state records for points scored and rushing yards. It also lists the names of the players, coaches, trainers, and managers who contributed to the team's success. Upon adoption, a copy of the resolution will be presented to the team's head coach by the Chief Clerk of the House of Representatives.

Maddy summaryThis bill is a House resolution that officially recognizes the Mansfield High School Lady Tigers volleyball team as the 2025 Class 3A state champions of Arkansas. The resolution acknowledges the team's victory over Harding Academy and highlights their impressive season achievements, including a 33-7 record and multiple individual honors for players and coaches. Upon adoption, a copy of the resolution will be presented to the team's head coach, Kaylie Pyles, as a formal gesture of recognition.

Maddy summaryHouse Bill 1534 proposes to increase the existing homestead property tax credit. This bill directly affects homeowners by reducing the amount of property taxes they owe on their primary residence. The key mechanism is an adjustment to the credit amount, providing a larger tax reduction for eligible households.

Maddy summarySB 526 proposed to prohibit the retail sale of specific disposable vapor products in Arkansas. It defined a "disposable vapor product" as one with a non-detachable battery that cannot be refilled and is designed for disposal after use. The bill would have banned retailers from selling such products if they originated from a "prohibited foreign party." The Director of Arkansas Tobacco Control could seize non-compliant products, with violations being a Class A misdemeanor, although FDA-approved products were exempt. A 90-day grace period was included for businesses to liquidate existing inventory.

Maddy summarySenate Bill 204 proposes to exempt certain financial gains from state gross income for tax purposes. This exemption would apply to taxpayers whose property is acquired by a government or entity under the right of eminent domain or the threat of condemnation. Essentially, any profit a property owner makes from such a forced sale would not be considered taxable income under this bill.

Maddy summaryHouse Bill 1738 proposes a sales and use tax exemption for disabled veterans and authorized members of their households in Arkansas. To qualify, a disabled veteran must be certified by the U.S. Department of Veterans Affairs and submit a letter to the Department of Finance and Administration (DFA). This exemption applies to sales of tangible personal property, digital products, and services, with an annual maximum limit of $25,000 per disabled veteran. The DFA would issue exemption cards and establish rules for the program.