Why it matters: Lawmakers are working to approve a 2025 budget for the Arkansas Game and Fish Commission (AGFC), which they failed to do during the regular session,and to lower taxes on income and personal property at the request of Gov. Sarah Huckabee Sanders.
What happened: Most of the action Monday was to approve language and move the bills through various committees. Voting will take place later this week.
State of play: Senate Bill 1 proposes to lower Arkansas' top individual income tax rate from 4.4% to 3.9%, and the top corporate rate from 4.8% to 4.3%. The reductions would be retroactive to Jan. 1, 2024.
If approved, the cuts will reduce the state's general revenue by $483.5 million in fiscal 2025 — which begins July 1 — and $322.2 million for each fiscal year after, according to a fiscal impact report.
Lawmakers were unable to settle a disagreement over raising the maximum authorized salary for the AGFC director — from $152,638 to $190,000 a year — during the fiscal session in May.
