» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation LinksHome >
VOL. 128 | NO. 68 | Monday, April 08, 2013

Arkansas House Panel Backs Beebe's Grocery Tax Cut

AP

Print | Front Page | Email this story | Comments ()

LITTLE ROCK, Ark. (AP) – Gov. Mike Beebe's proposal to conditionally reduce the state's grocery tax has won approval from an Arkansas House committee.

The House Revenue and Taxation Committee voted on Friday to pass the measure, which would reduce the grocery tax only if the state's desegregation settlement payments or bond obligations decrease by $35 million over a six-month period. If those conditions are met, the grocery tax would be reduced from 1.5 percent to 0.125 percent.

Republican legislative leaders are negotiating over a separate $100 million package of tax cuts, which is expected to include reductions in the state income and capital gains tax. Beebe, a Democrat, has said there isn't room in his budget for additional cuts, but said savings from a proposal to expand healthcare coverage could fund some reductions.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog Get more from The Daily News
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 123 545 12,897
MORTGAGES 125 622 16,758
FORECLOSURE NOTICES 36 88 3,301
BUILDING PERMITS 360 1,065 30,564
BANKRUPTCIES 64 368 12,343
BUSINESS LICENSES 25 114 4,489
UTILITY CONNECTIONS 82 556 18,894
MARRIAGE LICENSES 21 126 3,909

Weekly Edition

Issues | About

The Memphis News: Business, politics, and the public interest.