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Austin McCollum (House District 8)

State Assembly

Sponsored Legislation

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HB 1932

AR HOUSE

TO AMEND LAWS CONCERNING THE CORPORATE FRANCHISE TAX; TO REPEAL THE ARKANSAS CORPORATE FRANCHISE TAX ACT OF 1979; AND TO REQUIRE AN ANNUAL REPORT FOR CORPORATIONS.

2025
Introduced by Justin Boyd, Robin Lundstrum, Austin McCollum and 2 other co-sponsors

HB 1932 aimed to repeal Arkansas' corporate franchise tax and require corporations to file annual reports, simplifying compliance while easing tax burdens.

Died in House Committee at Sine Die adjournment.
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HB 1065

AR HOUSE

TO CREATE THE INFLATION REDUCTION ACT OF 2025.

2025
Introduced by Brandon Achor, Wade Andrews, Sonia Barker and 49 other co-sponsors

HB 1065 sought to eliminate the 3% cap on Arkansas income tax adjustments, allowing for more accurate inflation-based tax relief for residents, but it died in committee.

Died in House Committee at Sine Die adjournment.
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HB 1708

AR HOUSE

THE KEEP THE BONUS, AXE THE TAX: THE NO-TAX BONUS ACT.

2025
Introduced by Alyssa Brown, Austin McCollum, Brit McKenzie and 3 other co-sponsors

HB 1708 exempts certain employee bonuses from state income tax, benefiting about 650,000 taxpayers and encouraging employers to offer bonuses without tax concerns.

Died in House Committee at Sine Die adjournment.
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SB 204

AR SENATE

TO EXEMPT FROM GROSS INCOME A GAIN BY A TAXPAYER RESULTING FROM THE ACQUISITION OF PROPERTY UNDER THE RIGHT OF EMINENT DOMAIN OR THE THREAT OF CONDEMNATION.

2025
Introduced by Brandon Achor, Fred Allen, Wade Andrews and 103 other co-sponsors

Senate Bill 204 exempts gains from property acquired under eminent domain from income tax, easing financial burdens on affected Arkansas taxpayers starting in 2025.

Died in Senate Committee at Sine Die adjournment.
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