Arkansas governor signs income, property tax cuts into law
6 months ago

Arkansas governor signs income, property tax cuts into law

Associated Press  

Sarah Huckabee Sanders on Wednesday signed legislation cutting the state’s property and income taxes after lawmakers wrapped up a special session where they also approved legislation to keep the state’s hunting and fishing programs running. Sanders signed the measure cutting the state’s top corporate and individual income tax rates, and another raising the homestead property tax credit, hours after the predominantly Republican Legislature adjourned the session that began Monday. The measures will cut the state’s top individual tax rate from 4.4% to 3.9% and the top corporate rate from 4.8% to 4.3%, retroactively, beginning Jan. 1. Lawmakers had expected to take up tax cuts later this year, but that plan was accelerated after the Legislature adjourned its session last month without a budget for the state Game and Fish Commission.

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Louisiana lawmakers pass income and corporate tax cuts, raising statewide sales tax to pay for it
1 month ago

Louisiana lawmakers pass income and corporate tax cuts, raising statewide sales tax to pay for it

Associated Press  

— Louisiana’s GOP-dominated legislature passed tax cuts on personal and corporate income on Friday in exchange for a statewide sales tax increase, giving Gov. Lawmakers also redirected $280 million in vehicle sales tax funds from several major infrastructure projects for the next two years in order to help offset the income tax cut. Corporate tax cuts The state’s new corporate …

Arkansas lawmakers advance tax-cut bills and try to stave off shutdown of hunting, fishing agency
6 months ago

Arkansas lawmakers advance tax-cut bills and try to stave off shutdown of hunting, fishing agency

Associated Press  

— Arkansas lawmakers on Monday advanced income and property tax cuts and a compromise proposal to avoid a shutdown of the state’s hunting and fishing programs. If approved, the income tax cuts would be third signed by Sanders, who has called for phasing out the income tax since she took office last year. Lawmakers had expected to take up tax …

Arkansas governor calls for special session on tax cuts and funds for hunting and fishing agency
6 months, 1 week ago

Arkansas governor calls for special session on tax cuts and funds for hunting and fishing agency

Associated Press  

Sarah Huckabee Sanders on Tuesday called a special legislative session to take up tax cuts and the budget for the agency overseeing hunting and fishing. The Republican governor said in a post on X that she’s calling for $500 million in income and $50 million in property tax cuts during the special session, scheduled to begin next week on Monday. …

Things to know when the Arkansas Legislature convenes to take up a budget and other issues
8 months, 2 weeks ago

Things to know when the Arkansas Legislature convenes to take up a budget and other issues

Associated Press  

— Arkansas lawmakers are convening at the Capitol and their top agenda item is taking up Gov. “As Governor, I’ve promised to Arkansans to limit the size and growth of government while still investing in areas of greatest need like education and public safety,” Sanders said in a statement. “My proposed budget accomplishes this with only a 1.76% increase over …

Gov. Sarah Huckabee Sanders proposes carve-out of Arkansas public records law during tax cut session
1 year, 3 months ago

Gov. Sarah Huckabee Sanders proposes carve-out of Arkansas public records law during tax cut session

Associated Press  

Sarah Huckabee Sanders on Friday proposed shielding a broad range of records about her administration, travel and security from public release as she called for a special legislative session next week focusing on additional tax cuts. FOIA experts said the changes would severely weaken the 1967 law — signed by the state’s first Republican governor since Reconstruction — that protects …

Arkansas ends fiscal year with $1.1 billion surplus, state’s second largest
1 year, 5 months ago

Arkansas ends fiscal year with $1.1 billion surplus, state’s second largest

Associated Press  

— The fiscal year ended in Arkansas with a surplus of more than $1.1 billion, which is the state’s second largest, finance officials announced Wednesday. The Arkansas Department of Finance and Administration said the state’s net available revenue for the fiscal year that ended on Friday totaled nearly $7.2 billion. The state’s individual income taxes came in below last year’s …

Arkansas Gov. Sanders signs $124 million tax cut into law
1 year, 8 months ago

Arkansas Gov. Sanders signs $124 million tax cut into law

Associated Press  

Sarah Huckabee Sanders on Monday signed into law a measure cutting individual and corporate income taxes in Arkansas by $124 million a year. Sanders signed the bill she and legislative leaders backed that will cut the top individual income tax rate to 4.7% from 4.9%. Lawmakers last week sent Sanders the tax cut legislation, one of the last remaining items …

Arkansas lawmakers approve $6.2B budget, wrap up session
1 year, 8 months ago

Arkansas lawmakers approve $6.2B budget, wrap up session

Associated Press  

— Arkansas lawmakers approved a proposed $6.2 billion budget and an overhaul of the state’s sentencing laws on Friday as they wrapped up an 89-day legislative session that’s been marked by approval of Republican Gov. The Legislature this week approved a separate bill tapping into the state’s surplus for several needs, including $330 million for new prison space and $300 …

Arkansas lawmakers approve $124 million income tax cut plan
1 year, 8 months ago

Arkansas lawmakers approve $124 million income tax cut plan

Associated Press  

— Arkansas lawmakers on Wednesday approved a plan by Republican Gov. Sarah Huckabee Sanders and legislative leaders to cut individual and corporate income taxes by $124 million a year. The bill, which now heads to Sanders’ desk, also cuts the top corporate income tax rate to 5.1% from 5.3%. “The more we cut income taxes, the heavier the burden to …

Arkansas Gov. Sanders, lawmakers call for $124M tax cut plan
1 year, 8 months ago

Arkansas Gov. Sanders, lawmakers call for $124M tax cut plan

Associated Press  

Sarah Huckabee Sanders and legislative leaders on Thursday called for cutting income taxes by $124 million as they near the end of this year’s legislative session. The tax cut proposal calls for cutting the state’s top individual income tax rate from 4.9% to 4.7% starting this year. “Arkansans will feel this tax relief immediately, and I don’t think it could …

Arkansas lawmakers taking up tax cuts in special session
2 years, 4 months ago

Arkansas lawmakers taking up tax cuts in special session

Associated Press  

— Arkansas lawmakers are meeting this week for a special session on tax cuts and school safety grants that’s been spurred by the state sitting on a $1.6 billion surplus. Asa Hutchinson and other Republicans are backing that would accelerate individual and corporate income tax cuts lawmakers approved last year. Hutchinson and GOP leaders have said they’re not worried about …

Indiana governor endorses big cuts in income, business taxes
2 years, 9 months ago

Indiana governor endorses big cuts in income, business taxes

Associated Press  

INDIANAPOLIS — Indiana Gov. The governor’s proposal, however, would slow walk a cut in the state’s current individual income tax rate of 3.23% to 2.9% over much of the decade. Holcomb said he expects that trend of revenue growth will continue and “that the time is now to act on a tax plan that gives back to our growing business …

Arkansas lawmakers OK massive tax cuts, adjourn session
3 years ago

Arkansas lawmakers OK massive tax cuts, adjourn session

Associated Press  

— Arkansas lawmakers on Thursday approved the largest tax cut in state history, adjourning a special session without taking up an abortion ban modeled after Texas’ or other measures some Republican lawmakers hoped to add to the agenda. For an individual who happens to be paying a small portion of taxes, percentage-wise they’re getting a larger cut in their taxes.” …

Arkansas governor delays plans for session on tax cuts
3 years, 2 months ago

Arkansas governor delays plans for session on tax cuts

Associated Press  

Asa Hutchinson on Tuesday backed off plans to call the Legislature back to the Capitol next week to take up income tax cuts as he continued negotiating with lawmakers on how much to reduce. The Republican governor delayed the special session he expected to call for the income tax cut proposal, which he said would cost the state $321 million …

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