Current:Home > reviewsArkansas lawmakers advance tax-cut bills and try to stave off shutdown of hunting, fishing agency -SecureWealth Bridge
Arkansas lawmakers advance tax-cut bills and try to stave off shutdown of hunting, fishing agency
View
Date:2025-04-13 20:13:18
LITTLE ROCK, Ark. (AP) — Arkansas lawmakers on Monday advanced income and property tax cuts and a compromise proposal to avoid a shutdown of the state’s hunting and fishing programs.
Lawmakers moved quickly on the main agenda items for the special session Republican Gov. Sarah Huckabee Sanders called last week. House and Senate committees endorsed identical versions of the tax cut measures, setting up initial floor votes in the predominantly Republican Legislature on Tuesday morning.
If approved, the income tax cuts would be third signed by Sanders, who has called for phasing out the income tax since she took office last year. The state has been forecast to end its current fiscal year with a $708 million surplus.
“I think we’re in a good position to further reduce this tax burden on our citizens,” Republican Rep. Les Eaves said.
The legislation calls for cutting the top individual income tax rate from 4.4% to 3.9% and the top corporate rate from 4.8% to 4.3%, retroactive to Jan. 1. Finance officials say the cuts will cost about $483 million the first year and $322 million a year after that. The proposals are expected to easily pass both chambers, with most Republican lawmakers signed on as co-sponsors.
Democrats in the Legislature and advocacy groups have said they are worried the cuts are too skewed toward higher earners and have said the revenue could go toward other underfunded needs.
“Before cutting taxes again, we ask that you please invest in critical programs that help children thrive,” Keesa Smith, executive director of Arkansas Advocates for Children and Families, told a Senate panel.
The other bill advanced by the committees increases homestead tax credit from $425 to $500, retroactive to Jan. 1. The cut, which will cost $46 million, will be paid from an existing property tax relief trust fund that consists of revenue from a 0.5% sales tax.
Lawmakers had expected to take up tax cuts later this year, but they accelerated their plans after the Legislature adjourned this year’s session without a budget for the state Game and Fish Commission.
The appropriation for the commission, which issues hunting and fishing licenses and oversees conservation programs, stalled in the House last month over objections to the maximum pay for the agency’s director. The vote created uncertainty about whether Game and Fish could operate when the fiscal year begins July 1.
A compromise measure advanced by the Joint Budget Committee on Monday sets the director’s maximum salary at about $170,000 a year — $20,000 less than last month’s proposal. But it would require legislative approval for any raise that exceeds 5%. The commission’s director, Austin Booth, is currently paid about $152,000.
Booth said he was “absolutely fine” with the compromise, saying he wanted to ensure the agency would remain open and to increase trust with the Legislature.
“If this is the way to do it, then we couldn’t be happier with it,” Booth told reporters.
Republican Sen. Jonathan Dismang, who co-chairs the budget panel, said he didn’t want the bill to be viewed as a precedent for future disputes.
“I just don’t want people to feel like we can’t work out that compromise when we’re supposed to be here in a regular or fiscal session,” Dismang said.
veryGood! (2)
Related
- As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
- How Princess Diana's Fashion Has Stood the Test of Time
- Steve Irwin's Son Robert Irwin and Heath Ledger's Niece Rorie Buckey Made Red Carpet Debut
- The banking system that loaned billions to SVB and First Republic
- Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
- Twitter once muzzled Russian and Chinese state propaganda. That's over now
- A chapter ends for this historic Asian American bookstore, but its story continues
- With Biden in Europe Promising to Expedite U.S. LNG Exports, Environmentalists on the Gulf Coast Say, Not So Fast
- Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
- Our final thoughts on the influencer industry
Ranking
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Jesse Palmer Teases Wild Season of Bachelor in Paradise
- Elon Musk threatens to reassign @NPR on Twitter to 'another company'
- Cynthia Nixon Weighs In On Chances of Kim Cattrall Returning for More And Just Like That Episodes
- At site of suspected mass killings, Syrians recall horrors, hope for answers
- Gen Z's dream job in the influencer industry
- Warming Trends: Weather Guarantees for Your Vacation, Plus the Benefits of Microbial Proteins and an Urban Bias Against the Environment
- North Carolina Hurricanes Linked to Increases in Gastrointestinal Illnesses in Marginalized Communities
Recommendation
Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
Warming Trends: Carbon-Neutral Concrete, Climate-Altered Menus and Olympic Skiing in Vanuatu
Nearly a third of nurses nationwide say they are likely to leave the profession
NBC's late night talk show staff get pay and benefits during writers strike
What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
Warming Trends: Laughing About Climate Change, Fighting With Water and Investigating the Health Impacts of Fracking
New report blames airlines for most flight cancellations
The Clean Energy Transition Enters Hyperdrive