Arkansas Democrat Gazette: Arkansas Senate Panel Fives Fast Nod to Governor’s Tax-cut Plan

While the finance department projected the governor’s tax will eventually reduce tax revenue by $97 million a year after it’s fully implemented, Lisa Gee, a senior policy analyst for the Institute on Taxation and Economic Policy in Washington, D.C., said last week that she projected the governor’s income-tax cut would reduce state revenue by $157 million a year based on projections for 2019 income.

Gee said she forecast it would cut revenue by about $120 million a year using the 2016 tax returns process by the finance department. Read more