Tax relief measures, Game & Fish Commission budget advance in special session

by Roby Brock (roby@talkbusiness.net)

Arkansas lawmakers on Monday (June 17) advanced an appropriation bill for the Game & Fish Commission (G&FC) and complimentary tax cut bills to reduce the top personal and corporate income tax rates.

Gov. Sarah Sanders called a special session of the 94th Arkansas General Assembly for purposes of reducing taxes and passing the G&FC appropriation measure.

Senators on the Revenue and Tax Committee advanced SB1 and SB3. SB1, led by Sen. Jonathan Dismang, R-Beebe, would reduce the top personal income tax rate from 4.4% to 3.9% and the top corporate tax rate from 4.8% to 4.3%.

Tax relief measures, Game & Fish Commission budget advance in special session