Gov. Sarah Huckabee Sanders (R-AR) signed legislation Wednesday to cut property and income taxes in Arkansas. 

The income tax rate is now 3.9% compared to the previous 4.4% in Arkansas for people who make more than $25,000 annually. People who make less will continue to pay a 3.4% tax rate. The corporate tax rate was also cut from 4.8% to 4.3%.