Arkansas Senate Approves $97 Million Income Tax Cut Plan

LITTLE ROCK, Ark. (AP) — Gov. Asa Hutchinson's $97 million plan to cut the state's top income tax rate has passed the Senate, a day after it fell short of the votes needed.

The Senate on Wednesday voted 28-5 in favor of the proposal to cut the top income tax rate from 6.9 percent to 5.9 percent over the next two years. The measure needed at least 27 votes in the 35-member Senate to advance to the House.

The proposal fell short by two votes on Tuesday. It won the support Wednesday of two Democrats and a Republican who didn't vote a day earlier on the measure.

Democrats have criticized the Republican governor's tax cut plan, saying its benefits are skewed toward the state's top earners and comes at the expense of other state needs.

Gov. Asa Hutchinson released the following statement about the Senate's approval of the tax cut:

“I am grateful for all the senators who supported the 5.9 tax cut plan and for the hard work displayed by senate leadership to achieve today’s successful vote. This commonsense approach to tax policy received more than three-fourths of the vote in the Senate. It has broad, bipartisan support, and that certainly gives it plenty of momentum as it goes to the House for final consideration.”

Notice: you are using an outdated browser. Microsoft does not recommend using IE as your default browser. Some features on this website, like video and images, might not work properly. For the best experience, please upgrade your browser.