LITTLE ROCK, Ark. (KNWA/KFTA) — A bill to reduce state income tax rates in Arkansas heads to Gov. Sarah Huckabee Sanders’ desk.
The bill drops the tax rate for those who make between $24,300 and $87,000 a year.
It would go down to 4.7% from 4.9%. The bill will also lower the corporate tax rates to 5.1%.
The bill is retroactive to January 1.