Revenue & Taxation- House

It's chairman when you get settled in introduce yourself and present your bill. Representative less ease district fifty eight. Yeah go ahead and present this is that identical bill from the one we ran yesterday house but one thousand one this is the senate version of the income tax reduction bill again it takes the top rate from four point four down to three point nine personal income and it takes the corporate rate down from four point eight four point three retroactive to january one and it puts two hundred and ninety million dollars into the tax relief reserve fund to help us continue to responsibly reduce income taxes and to make arkansas a good jobs magnet be happy to take any questions members are any questions from. Questions are their members of the audience that wish to speak for against the bill. The. Uhm miss chairman would you like clothes free real i'm close and I make a motion to pass they have a motion do pass all those in favor say I in the opposed congratulations which chairman you'll be on his past. Representative should be presenting serious crows wheel police can table introduce yourself and be in present your bill. Representative shot uh house district twenty eight. Have you recognized present bill thank you today presenting the mirror bill to our house bill on the homestead tax credit to move the rate from the current number of four hundred and twenty five dollars to the new number of five hundred dollars we just pass the house bill on the floor with ninety eight yay votes this is a good bill at this time I would answer any questions from membership any questions single questions is there anyone they are in so I would like to speak for or against this bill. Seeing representative would you like to close for your bill i'm close for this bill now would appreciate a good vote all right what are the wishes of the committee of motion do pass all those in favor significant saying I proposed the congratulations you passed your bill thank you committee. Members that's it thank you for your hard work we are adjourned.