Arkansas tax cut plan advances to final vote in House

LITTLE ROCK, Ark. (AP) A $97 million proposal to cut Arkansas’ top income tax rate is heading toward its final vote in the Legislature, but House leaders say they’re unsure whether it has enough votes to pass.The House Revenue and Tax Committee on Tuesday voted 15-2 in favor of
Republican Gov. Asa Hutchinson’s proposal, which would cut the state’s top income tax rate from 6.9 percent to 5.9 percent. The Senate approved the tax cut plan last week.

The measure advanced after the majority-Republican committee rejected an effort by Democrats to scale back the tax cut for the state’s top earners. The proposal now heads to the full House for a vote, where it needs at least 75 votes to pass.

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