Did You Know?
Arcelor Pine Bluff, Inc., is a leading U.S. producer of steel cord for passenger and truck tires and wire for industrial hoses. (The typical daily wire production at the Pine Bluff plant is enough to circle the globe four times.)
Personal Income Tax
Resident and nonresident individuals, estates, and trusts deriving income from within the state are subject to a tax on their net income at the following rates:
| Net Taxable Income |
Rate |
Net Taxable Income |
Rate |
| First $2,999 |
1.0% |
Next $6,000 |
4.5% |
| Next $3,000 |
2.5% |
Next $10,000 |
6.0% |
| Next $3,000 |
3.5% |
$25,000 & over |
7.0% |
To arrive at net taxable income, the taxpayer may elect to either itemize deductions or to use the standard deduction of $2,000 per taxpayer. (Married couples may deduct $2,000 per spouse.) Federal income tax is not deductible from income subject to Arkansas' personal income tax.
A credit is allowed resident individuals for the amount of income tax paid to any other state not to exceed what the tax would be on out-of-state income if added to the Arkansas income and calculated at Arkansas income tax rates. The following personal tax credits are allowed:
Single individuals
- Blind or deaf, additional $20
- Blind and deaf, additional $40 |
$20 |
|
Head of Household |
$40 |
|
Dependents with gross income of less than $3,000 |
$20 |
|
Fiduciaries |
$20 |
65 or older head of household
- Spouse 65 or older, additional $20 |
$40 |
|
Credit for "developmentally disabled" dependent in home |
$500 |
Personal Income Tax
| Conway |
| |
State |
Local |
| Rate (Range) |
1.0%-7.0% |
NA |
| Earned Income |
NOT APPLICABLE |
|
| Unearned Income |
NOT APPLICABLE |
|
| Faulkner |
| |
State |
Local |
| Rate (Range) |
1.0%-7.0% |
NA |
| Earned Income |
NOT APPLICABLE |
|
| Unearned Income |
NOT APPLICABLE |
|
| Garland |
| |
State |
Local |
| Rate (Range) |
1.0%-7.0% |
NA |
| Earned Income |
NOT APPLICABLE |
|
| Unearned Income |
NOT APPLICABLE |
|
| Grant |
| |
State |
Local |
| Rate (Range) |
1.0%-7.0% |
NA |
| Earned Income |
NOT APPLICABLE |
|
| Unearned Income |
NOT APPLICABLE |
|
| Hot Spring |
| |
State |
Local |
| Rate (Range) |
1.0%-7.0% |
NA |
| Earned Income |
NOT APPLICABLE |
|
| Unearned Income |
NOT APPLICABLE |
|
| Jefferson |
| |
State |
Local |
| Rate (Range) |
1.0%-7.0% |
NA |
| Earned Income |
NOT APPLICABLE |
|
| Unearned Income |
NOT APPLICABLE |
|
| Lonoke |
| |
State |
Local |
| Rate (Range) |
1.0%-7.0% |
NA |
| Earned Income |
NOT APPLICABLE |
|
| Unearned Income |
NOT APPLICABLE |
|
| Perry |
| |
State |
Local |
| Rate (Range) |
1.0%-7.0% |
NA |
| Earned Income |
NOT APPLICABLE |
|
| Unearned Income |
NOT APPLICABLE |
|
| Pulaski |
| |
State |
Local |
| Rate (Range) |
1.0% - 7.0% |
NA |
| Earned Income |
NOT APPLICABLE |
|
| Unearned Income |
NOT APPLICABLE |
|
| Saline |
| |
State |
Local |
| Rate (Range) |
1.0%-7.0% |
NA |
| Earned Income |
NOT APPLICABLE |
|
| Unearned Income |
NOT APPLICABLE |
|
| White |
| |
State |
Local |
| Rate (Range) |
1.0%-7.0% |
NA |
| Earned Income |
NOT APPLICABLE |
|
| Unearned Income |
NOT APPLICABLE |
|