Mon. Dec 5th, 2022

Putting more money back into the pockets of Arkansans is the goal of Rep. David Ray's (Maumelle) bill to double the standard deduction for state income taxes.

HB1191 would increase the current $2,200 standard deduction to $4,400 starting in tax year 2021.  Additionally, Ray's HB1190 would require the Department of Finance and Administration to increase the deduction in future years based upon the Consumer Price Index.

The freshman lawmaker has promised even more conservative legislation as the 93rd General Assembly continues.