The 2023 Arkansas Legislative Session concludes.
Arkansas lawmakers approved a proposed $6.2 billion budget and an overhaul of the state’s sentencing laws on Friday as they wrapped up an 89-day legislative session that’s been marked by approval of Republican Gov. Sarah Huckabee Sanders’ school voucher program and a push for new restrictions on transgender people.
The House and Senate approved identical versions of the legislation laying out the budget plan, which calls for increasing state spending by more than $177 million in the fiscal year that begins July 1. The biggest increases are directed toward public schools and the corrections system.
Another highlight was the Tax Cut Measure Republican Gov. Sarah Huckabee Sanders signed into law on Monday. The measure cuts individual and corporate income taxes in Arkansas by $124 million a year.
The new law will cut the top individual income tax rate to 4.7% from 4.9%. The law also cuts the top corporate income tax rate to 5.1% from 5.3%.
More details can be read on the KTLO Website.
(From KTLO/Associated Press)
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