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Asa Hutchinson

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LITTLE ROCK, Ark. (AP) — Arkansas finance officials say the state's revenue has fallen $57 million below forecast this year, with word coming the day after the state's Republican governor signed into law an income tax cut that'll take effect in two years.

The state Department of Finance and Administration on Thursday said the state's net available revenue last month totaled $535.9 million, which was $15.9 million below the same month last year and $47.1 million below forecast. The state's net revenue for the fiscal year that began July 1 totals $3.1 billion.

Arkansas Gov. Asa Hutchinson has signed into law a $50 million income tax cut that primarily affects people earning below $20,999 a year.

Under Act 79 of 2017, cuts to the affected income earners’ marginal tax rate would start in 2019. The law also commissions leaders of the Arkansas Senate and House of Representatives to appoint members of a 16-person task force to consider future tax legislation.

A bill to restructure how Arkansas’s higher education funding is determined is advancing to the state Senate. The switch from enrollment-based funding to productivity-based funding comes at the direction of Governor Asa Hutchinson’s office. State Representative Mark Lowery, a Republican from Maumelle, carried the bill on the House floor Monday.

Gov. Asa Hutchinson’s $50 million tax cut plan won approval Monday in the Arkansas House and Senate. But a final vote is needed before the legislation heads to the governor’s desk for signature. 

Speaking on behalf of the bill in his chamber, Sen. Jim Hendren, Republican-Gravette, said the plan would save money for nearly 660,000 low income Arkansans.

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.  

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LITTLE ROCK, Ark. (AP) — An Arkansas Senate panel has advanced Gov. Asa Hutchinson's $50 million proposal to cut income taxes for more than 600,000 low-income residents.

The Senate Revenue and Taxation Committee on Wednesday endorsed the Republican governor's proposal to cut income taxes for those making less than $21,000 a year. The legislation would also form a task force to recommend further tax cuts before the 2019 legislative session.

Arkansas State Capitol
Wikipedia.org

Arkansas Governor Asa Hutchinson is urging the state Legislature to support his plans including a $50 million dollar tax cut for more than 600,000 low income residents. 

Hutchinson delivered the State of the State address to a joint session of the state House and Senate. He delivered the address on the second day of the 91st General Assembly. 

Arkansas Governor Asa Hutchinson
ArkansasHouse.org

LITTLE ROCK, Ark. (AP) — The Latest on Arkansas Gov. Asa Hutchinson addressing the state Legislature on the second day of the 2017 session (all times local):

Arkansas State Capitol
Wikipedia.org

  This is Governor Asa Hutchinson's weekly address as he talks about the legislative session that starts Monday:

This week, the State Capitol was buzzing as the final days of preparation before the upcoming legislative session came to an end. Monday, January 9, 2017 will mark the beginning of the 91st General Assembly of the Arkansas State Legislature.

Governor's Radio Column: Looking Back On 2016

Jan 4, 2017

The following is a transcript of Gov. Asa Hutchinson's last radio column of 2016:

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