Sanders' special session will address cutting tax rates, one-time tax credit, changing FOIA

Posted on AllSides September 8th, 2023
From The Center

Gov. Sarah Huckabee Sanders announced Friday that she is calling the Arkansas General Assembly into special session, starting Monday, to cut the state’s top individual and corporate income tax rates by 0.3% each, effective Jan. 1, 2024, and grant a $150 one-time tax credit for taxpayers making less than $90,000 a year, retroactive to Jan. 1, 2023. The state’s top individual income tax rate is currently 4.7%, and the state’s top corporate income tax rate is currently 5.1%. “It is no secret around the Capitol that tax cuts will be...

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