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.

Rep. Les Warren
Sponsored bills
Maddy summarySenate Bill 154 aimed to amend the existing laws that govern the financial contributions made by members to various state retirement systems and Arkansas public employee retirement plans. This bill directly affects state employees and public employees who are part of these retirement systems. The provided bill text states its purpose is to modify these contribution laws, but it does not specify the particular changes or mechanisms that would alter the contribution amounts or methods.
Maddy summarySB 159 aimed to amend the existing laws governing the administration of pension and relief funds for local police officers and firefighters. The provided text, however, only states this general purpose and does not detail the specific changes or mechanisms the bill proposed to implement. Therefore, the concrete policy changes are not available in this context.
Maddy summarySenate Bill 162 aimed to amend the existing laws regarding "credited service" within the Arkansas Judicial Retirement System. This bill would have directly affected current and future members of the judicial system in Arkansas by potentially altering how their service time is calculated for retirement benefits. However, the provided bill text does not specify the exact changes or new provisions it intended to introduce concerning credited service.
Maddy summarySB 163 was a bill in Arkansas that aimed to amend the laws governing the administration of the State Police Retirement System. Its stated purpose was to modify how this system is managed. The bill would directly affect the State Police Retirement System and its members. However, the provided text does not detail the specific changes, mechanisms, or provisions it intended to introduce to the system's administration.
Maddy summaryBased on the provided text, SB 157 aimed to amend the law regarding benefits under the Arkansas Public Employees' State Public Employee Retirement Systems. The specific details of how it would alter these benefits are not available in the provided amendment, which only makes a minor change to the bill's wording and a single word from "shall" to "may" in an unspecified provision. The bill ultimately died in the House Committee.
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 summaryThis bill, SB 156, aimed to amend the existing law concerning credited service for members of the Arkansas Local Police and Fire Retirement System. The provided text states its purpose is to make changes to how service is credited within this system, which directly affects local police and firefighters. However, the specific details of these amendments or new provisions are not outlined in the available bill text.
Maddy summarySB 155 aimed to amend the existing laws governing the administration of the Arkansas State Highway Employees' Retirement System. The bill's stated purpose was to modify the rules and procedures by which this retirement system operates. However, the provided text does not detail the specific changes or mechanisms it intended to introduce.
Maddy summaryThis bill, SB 152, aimed to change the laws regarding "credited service" within the Arkansas Teacher Retirement System. However, the provided text only states the bill's purpose and does not include details on how it intended to amend these laws or what specific changes it would have made. Therefore, it is not possible to describe the key mechanisms or provisions of the bill.