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Ray bill would double Arkansas standard deduction to $4,400, costing state roughly $57.8 million
2226040 · January 28, 2025
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Summary
House Bill 1066 from Rep. David Ray would raise the standard deduction from $2,200 to $4,400 per taxpayer; DFNA estimated a $57.8 million general revenue reduction for FY2027 and the committee did not vote.
State Representative David Ray presented House Bill 1066 to raise Arkansas’s personal income tax standard deduction from $2,200 to $4,400 per taxpayer (doubled for married filers), a change the DFNA fiscal note estimated would reduce general revenue by about $57.8 million in fiscal 2027.
Ray said increasing the standard deduction is…
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