Arkansas County – AR issued the following announcement on Dec. 21.
The Arkansas Legislature met this year, passing hundreds of bills during its sessions. Click the link for 10 new Arkansas laws to know about in 2022. #ARcounties
Act 2 marked the largest tax cut to Arkansans in the history of the state.
In January, top individual income tax rate will drop from 5.9% to 5.5% and then to 5.3% in 2023.
"Now after passing the nearly $500 million in tax reductions, we will be getting that number down to 4.9 percent by 2025," according to Gov. Asa Hutchinson's weekly address.
Original source can be found here.
Source: Arkansas County – AR
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