State finance official says 200,000 filers would see tax increase in plan's current form; governor wants fix

In its current form, Gov. Asa Hutchinson's proposed income tax cut plan would increase net state income taxes for roughly 200,000 taxpayers by more than $30 million a year, a state finance department official said Thursday.

But the Republican governor said he wants to fix his plan to make sure that no taxpayers would pay more net income taxes.

"We are going to have to continue to work to make some adjustments to make sure that that's not a tax increase on anyone," Hutchinson said Thursday in an interview in his office.

"Thank goodness we started early [developing income tax cut legislation], so these things bubble up before we actually have a vote or get into the session," the governor said.