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Arkansas Lieutenant Governor Looks to Eliminate Income Tax


Arkansas Lieutenant Governor Looks to Eliminate Income Tax
December 16, 2020
Janelle Cammenga
Arkansas Lieutenant Governor Tim Griffin (R) recently announced his goal for the state to eliminate its income tax. He did not outline any specific plan but indicated that this would be a long-term process with the “conversation begin[ning] today” to make sure tax-related decisions would be made with this goal in mind.
Lt. Governor Griffin’s desire to make the Arkansas tax code more competitive is praiseworthy. Currently, Arkansas ranks 45
th overall on the Tax Foundation’s
State Business Tax Climate Index, so the state has a long way to go before it becomes the tax envy of its neighbors. However, eliminating an income tax is a long and difficult process, so the state should carefully think through the path forward and consider the trade-offs involved if it intends to make this its goal. ....

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