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The Arkansas Department of Finance and Administration (commonly DFA within the state) is a department of the government of Arkansas under the Governor of Arkansas.. The DFA is a cabinet level agency in the executive branch of government responsible for providing citizens with tax, licensure, or child support service and state agencies in their administration and budgeting.
State income tax systems fall into three broad categories: fixed or flat income taxes, progressive income taxes and no income taxes. ... Arkansas. 5 Brackets: 0% to 3.9%. $0 to $89,601.
Following reorganization in 2019, Arkansas state government's executive branch contains fifteen cabinet-level departments. ... Office of Income Tax Administration
State income tax is imposed at a fixed or graduated rate on taxable income of individuals, corporations, and certain estates and trusts. ... Arkansas, individual and ...
The 2024 tax rates haven’t been published on its taxation website yet, but Ohio’s 2024–2025 budget removed a state income tax bracket and reduced the top rate, leaving only two. Those with ...
A second special session was called by Governor Sanders to cut taxes and fund the Arkansas Game and Fish Commission on June 17, 2024. The legislature reduced the top individual income tax rate to 3.9% and the state’s top corporate income tax rate to 4.3%, with no changes to lower income and middle income earners.