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Sanders calls General Assembly back into session to consider another cut in state’s top individual income tax rate

Posted on AllSides September 9th, 2023
From The Left

Gov. Sarah Huckabee Sanders on Friday summoned the Arkansas General Assembly into special session, starting Monday, to cut the state's top individual income tax rate from 4.7% to 4.4% and the state's top corporate income tax rate from 5.1% to 4.8%, effective Jan. 1, 2024. The Republican governor also called upon lawmakers to grant an up to $150 one-time income tax credit for taxpayers making less than $90,000 a year, retroactive to Jan. 1, 2023. "It is no secret around the Capitol that tax cuts will be our top priority,"...

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