Tag: tax cuts

Gov. Sanders signs tax cut bills into law

Gov. Sarah Sanders signed into law Wednesday (June 19) a series of significant tax cuts that will result in personal and corporate taxes falling by a half-percent at the top…

Gov. Sanders to call special session next week

It’s no surprise to capitol insiders, but Gov. Sarah Sanders announced Tuesday (June 11) that she will call a special session to start next week on Monday, June 17 for…

State Chamber chief hopes tax cut trend continues

Arkansas State Chamber of Commerce CEO Randy Zook says what he hopes will happen and what he expects to happen with the state’s $1.16 billion budget surplus will be similar….

Gov. Sanders signs tax cut measure, extends tax filing deadline for tornado victims

Gov. Sarah Sanders on Monday (April 10) signed a major tax cut bill into law and put forth an executive order to extend state tax filing deadline for citizens impacted…

Governor, legislative leaders agree on income tax cut

Gov. Sarah Sanders and state legislative leaders on Thursday (March 30) agreed on a $124 million income tax cut that will go into effect this year, if approved. SB549, filed…

Lawmaker pushing for personal income tax rate to drop to 4.5%

During the legislative session, lawmakers will look into cutting taxes. Rep. David Ray, R-Maumelle, has filed HB 1097, which would reduce the top tax rate for the personal income tax…

Finance officials offer cover on clawback of federal funds related to special session tax cuts

A day after a Talk Business & Politics report that state finance officials told lawmakers the state could be facing an $800 million clawback provision of federal funds, a new…

Budget chair says guardrails in place for accelerated tax cuts

State Sen. Jonathan Dismang, R-Beebe, says he’s comfortable accelerating tax cuts the governor wants to speed up with a $1.6 billion surplus on hand and money in a state rainy…

Governor signs tax cut bills into law; special session adjourns without additional measures taken up

Gov. Asa Hutchinson signed the largest tax cut in Arkansas history into law Thursday (Dec. 9) following a three-day special session. The cuts reduce Arkansas’ top income tax rate from…

Special Arkansas Legislative session focused on tax cuts called for Dec. 7

With a majority of support from legislators for a tax reduction package, Gov. Asa Hutchinson said Tuesday (Nov. 30) he is calling a special legislative session for Dec. 7. The…

Governor outlines tax cut proposals, but delays call for special session

Gov. Asa Hutchinson proposed more than $300 million in income tax breaks Tuesday (Oct. 19), but said there will not be a special session starting Oct. 25. He hopes a…

AG Rutledge proposes eliminating state income tax by 2030 through constitutional amendment

Attorney General Leslie Rutledge, Republican candidate for Arkansas governor, announced Thursday (July 22) she would lead a constitutional amendment campaign to abolish the state income tax for individuals. Calling it…

Governor, legislative leaders discuss fall session expectations, future bipartisanship

Gov. Asa Hutchinson and State Senators Jonathan Dismang, R-Beebe, and Joyce Elliott, D-Little Rock, participated in a KATV-Talk Business & Politics town hall in late May to discuss recent session…

House Revenue & Tax panel advances tax cuts, discusses future financial condition for state

Arkansas lawmakers on Thursday (April 8) approved tax cut measures in the House Revenue & Tax committee, including a larger exemption for used car taxes and a repeal of the…

Senator: Effort to expand pharmacists’ roles moving forward; no consensus on tax cuts

Sen. Dave Wallace, R-Leachville, is carrying a load of legislation this session. Two areas where he is leading efforts involve expanded pharmacy services and tax reform. In an interview with…

Business leaders say highway program map may emerge by fall

A three-day window in the legislative session that saw lawmakers, industry stakeholders and the governor’s office come to the table for a compromise plan led to the $300 million highway…

Arkansas House adopts Gov. Hutchinson’s $97 million tax cut plan, headed for his signature

The final legislative act in Gov. Asa Hutchinson’s legacy-setting tax cut trilogy was approved Thursday (Feb. 14) in the state House of Representatives with the necessary three-fourths vote after a…

House panel adopts Hutchinson’s $97 million tax cut plan, heads to chamber floor

A House panel on Tuesday (Feb. 12) gave a “do pass” recommendation for Gov. Asa Hutchinson’s $97 million tax cut proposal during an hour-long debate that centered on whether the…

Governor proposes $300 million highway funding plan (UPDATED)

Gov. Asa Hutchinson and legislative leaders revealed a highway plan Monday (Feb. 11) that would provide $300 million annually to state highways and another $110 million to cities and counties,…

House tax panel chair clarifies highway funding streams; Senate Minority Leader says ‘dark money’ bill likely

A key House Republican and a Democratic Senate leader both expect a highway funding plan to come out of the current legislative session, but its multiple components are still fluid….