REVENUE & TAX - SENATE - Oct 05, 2021

Joint Senate Revenue & Tax Committee · October 5, 2021

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1:07:53

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1:07:53

Call to order and agenda framing

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Chair called the jointly convened Senate Revenue & Tax Committee to order and noted time constraints (must return to Chamber 11 at 11). He turned the meeting to Moody's presenters Dan White and Emily Mandel.

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Moody's Analytics presented a review of how the pandemic and federal stimulus affected Arkansas tax collections and a Moody's analysis of a proposal to consolidate income-tax brackets and cut the top marginal rate from 5.9% to 5.5%, projecting a $2.6 billion revenue reduction over 10 years and possible economic offsets.

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Transcript

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