State Legislature Tax-Overhaul Task Force Hears Ideas, Proposals

News

LITTLE ROCK, Ark. – The state legislature’s newly-formed tax-overhaul task force heard ideas about how to do just that during its third meeting Tuesday. 
 
Arkansas Advocates for Children and Families proposed the Earned Income Tax Credit (EITC) to the 16 members, arguing 27 other states already use it to improve tax fairness and jobs. 
 
During the last legislative session, lawmakers shot down a bill that would have established the EITC, instead passing the governor’s $50 million tax cut for low-income Arkansans that also created the task force.
 
On Sunday’s Capitol View, Lt. Gov. Tim Griffin told host Jessi Turnure the task force’s goal is to get people talking about reform and relief.
 
“Now, do I believe that they’re going to come out with a piece of legislation that everybody just celebrates, it’s perfect, and then it passes and we’ve got a new tax code? No. That’s not going to happen, and I don’t think anyone thinks that’s going to happen,” Griffin said.
 
The task force also received proposals from two consultants hoping to help overhaul the state’s tax system.
 
Members will hear their presentations and make a decision next month. 
 

Copyright 2021 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Trending Stories

Don't Miss

Contests