State Rep. David Ray, R-Maumelle, on Thursday filed one bill that would increase the standard individual income tax deduction from $2,200 to $4,400 a year, and a second bill that would tie annual inflation adjustments of the standard individual income tax deduction and individual income tax tables to a southern regional index for the consumer price index.

Current state law limits annual inflation adjustments of the standard individual income tax deduction and individual income tax tables to increases in the consumer price index, up to 3%.

Ray introduced similar bills during the 2023 regular session.

After Gov. Sarah Huckabee Sanders released her proposed general revenue budget for fiscal 2026 on Nov. 21, state Rep. Lane Jean, R-Magnolia, a co-chairman of the Joint Budget Committee and a member of the House Revenue and Taxation Committee, said "my understanding -- and this could all change depending on who all is hollering during the session -- is that we were not going to consider tax cuts until the fiscal session" in 2026 and "see where this all lays out, and I think that is probably the best thing to do."