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Arkansas General Assembly cuts top individual and corporate income tax rates
The Arkansas House of Representatives sent more than $100 million in cuts to the top individual and corporate income tax rates to Gov. Sarah Huckabee Sanders’ desk Wednesday. The legislation reduces the top individual income tax rate from 4.9% to 4.7%. It decreases the top corporate income tax rate by two percentage points to 5.1%. […]
Arkansas lawmakers to again consider cutting top individual, corporate income taxes
With a week left in the legislative session, Gov. Sarah Huckabee Sanders and leading lawmakers reached an agreement to pursue a $124-million income tax cut targeting Arkansas’ top individual and corporate income tax rates. A bill filed Thursday proposes reducing the top individual income tax rate from 4.9% to 4.7% — a cut budget officials […]