Arkansas House approves package of tax cut bills - KATV - Breaking News, Weather and Razorback Sports

Arkansas House approves package of tax cut bills

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LITTLE ROCK (AP) - The Arkansas House has approved a package of proposals that would cut state income taxes, capital gains taxes, and reduce taxes paid by manufacturers.

The measures approved by lawmakers Tuesday are part of the estimated $100 million in total tax cuts that legislative leaders say they want to pass this session. The vote came several hours after the House approved the Medicaid 'private option' bill that Gov. Mike Beebe says would provide the savings to fund some of the proposed tax cuts.

The income tax proposal would lower the top tax rate and increase the minimum income to which the tax applies.

The House also approved a bill that would cut capital gains taxes and raise the standard deduction for income taxes.

COMPLETE COVERAGE
Beebe Proposes Trigger to End Grocery Tax (Jan. 15)
Ark. lawmakers: No rush on tax cut proposals (Jan. 20)
Arkansas House speaker backs $150M in tax cuts (Feb. 26)
Ark. panel approves tax cut for farm structures (March 14)
Tax exemption for farmers passes Arkansas House (March 18)
Ark. leaders say they're closer to tax cut deal (March 20)
Ark. House panel advances income tax cut bill (March 26)
Beebe: Problem with tax cuts' effective dates (March 27)
Income Tax cuts in Arkansas (April 2)
Ark. House panel OKs tax cut for manufacturers (April 2)
Ark. House speaker amends capital gains tax bill (April 4)
House approves conditional cut in Ark. grocery tax (April 16)
Arkansas House approves package of tax cut bills (April 16)

Ark. Senate committee advances tax cut bills (April 18)
Ark. Senate approves $140M tax cut package (April 19)