On 19 June 2024, the Governor of the U.S. State of Arkansas signed Senate Bill (SB) 1 and House Bill (HB) 1001, which include identical measures to retroactively amend earlier tax cuts that were signed into law in September 2023. This includes further cuts in the top corporate and individual income tax rates for tax years beginning on or after 1 January 2024. With respect to corporate income …