The state income tax rate will become 3.23 percent for 2017.
Legislators plan to vote in early evening on a new state budget which calls for a five-percent income tax cut, phased in over the next four years.
Though the governor says he won’t back down from his call for a ten percent income tax cut, there was a hint of compromise Wednesday.
With less than three weeks left in the legislative session, some of the most significant bills were advanced by the House or Senate this week.
Americans for Prosperity will air TV ads in support of a tax cut even GOP lawmakers have expressed skepticism about.
House GOP leadership left the governor’s tax cut out of their budget entirely and rejected an attempt by Democrats to amend it into the bill.
Instead of the two-year phase-in Governor Pence proposes, a new plan would phase it in over four years.
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