LITTLE ROCK, Ark. (AP) — A $97 million proposal to cut Arkansas' top income tax rate advanced Tuesday toward its final vote in the Legislature, but House leaders were unsure whether it has enough support to pass after facing resistance from some GOP lawmakers.
The House Revenue and Tax Committee 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. It'll need at least 75 votes in the 100-member House to pass. Supporters of the bill have promoted it as a way to make Arkansas more competitive with surrounding states.
