May 7, 2026
Arkansas Legislature Puts More Money Back in Your Pocket
NORTH LITTLE ROCK, Ark. — The 2026 Arkansas fiscal session wrapped up this week, and the headline is simple: Arkansas is giving more money back to the people who earned it.
The legislature passed a budget that increases the homestead property tax credit from $600 to $675 — immediate relief for every homeowner in North Little Rock and Sherwood starting this year. They also structured the Revenue Stabilization Act to make room for the income tax rate cut that Arkansas families have been promised and deserve. That budget framework puts Arkansas on a path to keep more money in your wallet — not in Little Rock.
In a special session this week, the legislature also passed a cut to both the top personal income tax rate and the corporate tax rate — putting an additional $180 million back into the hands of Arkansas taxpayers. Bo supported the cut. His opponent, Alex Holladay, voted no — arguing the money was better kept as "state revenue." That contrast tells you everything you need to know: Bo believes your tax dollars are yours. Holladay believes they belong to the government first.
"When you're running a household or a small business, every dollar counts. Government should be getting out of your way — not finding new ways to take more," said Renshaw. "That's not a talking point for me. It's how I've lived for 25 years building a business right here in this community."
Bo believes the best thing the state can do right now — when families are stretched thin by inflation and rising costs — is to stop squeezing them and start trusting them to make their own decisions.