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Arkansas Offers Certain Taxpayers the Opportunity to  Form

Arkansas Offers Certain Taxpayers the Opportunity to Form

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all right matt thanks with the new year could come a cut to our state taxes that's if state lawmakers send a tax cut bill to the governor's desk 5 news reporter kathryn gilker breaks down how this tax cut package could impact you if this tax cut package becomes law it would be the largest tax cut in arkansas history the senate and the house both passed identical versions of the bill today representative john maddox sponsored the house version of the bill it doesn't matter where you are on the income scale you will receive more money in your paycheck you will receive benefit from this plan the proposed tax cut package would cost the state nearly 500 million dollars once it's fully implemented in 2026. mervin jeberaj is an economist at the university of arkansas and says an independent analysis estimates this package will cost 600 million dollars the estimates are somewhere more than two-thirds of that tax cut was going to go to high income earners and low

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