The 'One Big Beautiful Bill' (OBBB) introduced under President Trump's administration has reshaped the U.S. tax code. While some changes promise increased refunds for certain taxpayers, the ...

LSA’s fiscal note estimates that business personal property owners will pay an extra $130 million, mostly because the exemption was cancelled. The exemption would have saved them that much had it ...

Requiring all Arkansans subject to work requirements to report their work or personal exemption status would have led to 97.7 percent noncompliance.

As signed by the governor, the bill would have increased the personal property exemption from $80,000 to $1 million for taxes in 2026, and $2 million for taxes in 2027 and after.