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Income Tax Cut
Tue March 26, 2013
Arkansas House Panel To Take Up Income Tax Cut Bill
An Arkansas House committee is taking up a proposal to cut income taxes in Arkansas as legislative leaders say they're moving closer toward an agreement on a $100 million package of reductions.
The House Revenue and Taxation Committee on Tuesday is expected to consider Republican Rep. Charlie Collins' proposal to cut income taxes. Collins' proposal would cost the state about $57 million a year.
The measure is being considered as House and Senate leaders say they hope to reach a deal soon on what cuts would be included in a package they say would cost the state about $100 million.
Gov. Mike Beebe has said tax cuts are dependent on the state approving a proposal to expand health insurance for low income Arkansans.