Summary of Tax Cuts
In August 2022, Governor Hutchinson signed legislation to immediately lower the individual tax rate to 4.9%.
In December 2021, Governor Hutchinson signed the largest tax cut in Arkansas History during the Second Extraordinary Session of the 93rd General Assembly.
In 2019, the Governor signed legislation that reduces the top marginal tax rate from 6.9% to 5.9%.
In 2017, Governor Hutchinson signed the second largest cut to the income tax rate in Arkansas history—$50M. This cut targeted low income Arkansans.
The Governor also signed legislation eliminating the income tax on military retirement pay, known as the Retired Military Tax Cut.More Info
In 2015, Governor Hutchinson fulfilled his top campaign promise by signing the Middle Class Income Tax Cut of $102M.