A $50 million income tax cut plan for low-earning Arkansans, initially proposed by Gov. Asa Hutchinson, advanced out of a state Senate panel on Wednesday. The Senate Committee on Revenue and Taxation, consisting of five Republicans and three Democrats, passed the measure with no dissenting voices or votes. The bill would cut taxes for people making below $20,999 annually.
Republican Senate Majority Leader Jim Hendren of Gravette, who’s also the Governor’s nephew, is the lead sponsor. He said the plan would affect about 657,000 people.