Week 4 in Review: Arkansas’ 91st General Assembly

 

Governor Hutchinson signed into law his $50 million tax cut plan that would reduce the income taxes of those making less than $21,000 per year. The Senate also approved Governor Hutchinson’s military tax reduction bill that would cut taxes for military retirees. The bill now goes to the governor’s desk for his signature.

Also this week:

• The Department of Finance & Administration announced during the Joint Budget Committee meeting that, seven months into the state’s fiscal year, net available revenue is below forecast by $57.1 million. Governor Hutchinson has asked several state agencies to come up with plans for possible budget cuts.

• The House of Representatives passed a bill requiring state colleges and universities to allow concealed carry permit holders to carry concealed handguns on campus. The bill passed the House by a vote of 71-22 and now moves to the Senate.

• Bill filing continues with legislators starting to file constitutional amendments. Senator Missy Irvin (R) filed a Senate joint resolution this week that would allow Arkansans to vote on a tort reform constitutional amendment in 2018.

The House and Senate recessed will reconvene Monday.

 

Visit www.inveritasinfo.com for weekly recaps of the 91st General Assembly.

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