Arkansas lawmakers expect no surprises from special session NW Arkansas

Arkansas lawmakers expect no surprises from special session NW Arkansas

Arkansas lawmakers expect no surprises from special session - Axios NW ArkansasLog InLog InAxios NW Arkansas is an Axios company.

Arkansas lawmakers don' t expect surprises during special session

Photo: Worth Sparkman/Axios Arkansas lawmakers who spoke with Axios don't expect the special session beginning Tuesday to go off-script. Between the lines: That means no bills are likely to make it to the floor for teacher pay raises or any — conservative or liberal — changes to the . What's happening: Gov. Asa Hutchinson's agenda for the third special session of the 93rd General Assembly aims to accelerate individual and corporate tax cuts and to use $50 million from the state's 2022 revenue surplus for school safety. Of note: A two-thirds vote in both the House and Senate is required to extend the session beyond the governor's agenda. Why it matters: If lawmakers on one side of the aisle are successful in opening the session (for say, teacher raises), other issues may be introduced by the other side (to prohibit interstate travel for an abortion, for instance) — creating what one state representative called a "free-for-all." Details: If Hutchinson's wishes are honored, the legislature will: Cut the top individual tax rate to 4.9%, retroactive to Jan. 1. As it stands, the rate is 5.5% and isn't .Lower the corporate income tax rate from 5.9% to 5.3% beginning in 2023, two years ahead of schedule.Create a $150 nonrefundable low- and middle-income tax credit.Transfer $50 million from the state's $1.6 billion 2022 revenue surplus for a . Meanwhile, teachers and supporters on Sunday, demanding that teacher pay be addressed in the session. Rep. Megan Godfrey (D-Springdale) told Axios there's still a lot of enthusiasm for the , and there might still be support to get teachers more money. "I think it'll be a three day session," Rep. Mark Lowery (R-Maumelle) said. What we're watching: Both the Senate and House . Get more local stories in your inbox with .Subscribe Support local journalism by becoming a member.

More NW Arkansas stories

No stories could be found Get a free daily digest of the most important news in your backyard with Axios NW Arkansas.Subscribe Support local journalism by becoming a member.
Share:
0 comments

Comments (0)

Leave a Comment

Minimum 10 characters required

* All fields are required. Comments are moderated before appearing.

No comments yet. Be the first to comment!