Arkansas senator files bill to eliminate state income tax

LITTLE ROCK (KATV) — State Sen. Trent Garner, R-El Dorado, filed a bill Wednesday that would eliminate Arkansas' income tax.

"BOLD reforms require BOLD actions," Garner tweeted. "I filed a bill to reduce our state income tax to ZERO. It’s time to move Arkansas forward."

Arkansas collected $2.411 billion in individual income tax revenue during the first eight months of the fiscal year, according to the Department of Finance and Administration. The state's gross revenue was $4.913 billion.

Income tax revenue is up 8.4 percent this fiscal year compared to the same period last year. It's up 11.8 percent over budget forecast.

Arkansas' top individual income tax rate decreased this year from 6.6 percent to 5.9 percent.

Lt. Gov Tim Griffin has also said he wants to eliminate the state income tax.