Unemployment Tax Cut Passes Final Hurdle
After sailing through the Arkansas Senate, a bill to reduce the amount that businesses pay into the unemployment benefits fund passed the Arkansas House this week. SB298 by Sen. Kim Hammer (R – Benton) and Rep. Robin Lundstrum (R – Elm Springs) would provide relief for Arkansas businesses. The fund for unemployment benefits has continued to balloon with less people applying for benefits under a strong President Trump economy. The fund now has over $700 million.
Lundstrum highlighted that by passing her bill legislators could go back to their districts and tell their constituents they voted to cut taxes for small business. The bill now heads to the governor for his signature.