A special session will be held Monday by Gov. Sarah Sanders in which tax cuts, a tax credit and changes to the state’s Freedom of Information Act (FOIA) will be considered by legislators.
According to Talk Business and Politics, the governor said the goal is to lower the individual and corporate tax rates.
Part of the tax change would include a tax credit of $150 to an estimated 1 million lower-income Arkansans, or $300 for qualifying couple.
Sanders states another element of the tax package would create a $750 million Arkansas Reserve Fund to be used in the process of phasing out the state’s income tax.
In regards to the FOIA element on the agenda, Sanders’ alleged the FOIA law is being “weaponized” to “slow down our bold conservative agenda.”
The proposed bill is said to significantly limit the information available about the deliberations of officials at state agencies, recommendations about policies and other governance matters.
Visit Talk Business and Politics for more information.
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