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Rep. Ray proposes removing 3% cap on inflation indexing for Arkansas income taxes
Summary
House Bill 1065 would eliminate the 3% statutory cap on annual inflation adjustments to Arkansas tax brackets and the standard deduction; committee discussion focused on fiscal exposure and regional inflation metrics, and no vote was taken.
State Representative David Ray presented House Bill 1065, which would remove the statutory 3% cap on annual inflation indexing for Arkansas personal income tax brackets and the standard deduction.
Ray said the cap means in high‑inflation years taxpayers absorb increases that indexing should otherwise offset. He told the Revenue & Taxation Committee the…
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