Arkansas makes another corporate income tax cut to begin 2023


The top corporate income tax rate in Arkansas took another drop at the start of 2023, going from 5.9% to 5.3% but is still higher than the rate in Oklahoma and a few other of its surrounding states.

Oklahoma’s rate is 4%. Arkansas Gov. Asa Hutchinson campaigned for the lower rate.

The Arkansas Democrat-Gazette reported that the top corporate income tax rate for Arkansas’ surrounding states will be as follows beginning this week:

• Texas, 0%.

• Missouri, 4%.

• Oklahoma, 4%.

• Mississippi, 5%.

• Tennessee, 6.5%.

• Louisiana, 7.5 %.

Click here for Arkansas Democrat Gazette