Arkansas governor signs $50 million tax cut into law
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February 2, 2017
LITTLE ROCK, Ark. (AP) — Arkansas Gov. Asa Hutchinson has signed into law his $50 million plan to cut income taxes for thousands of low-income residents.
The Republican governor on Wednesday signed into law bills outlining his proposal to cut taxes for more than 650,000 people making less than $21,000 a year. The tax cut is set to take effect in 2019.
The legislation also creates a 16-member legislative task force that will propose deeper income tax cuts before the 2019 session. Hutchinson says he doesn't have a specific dollar amount for the cuts he wants to seek from the task force, which is...
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