» 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 This material may not be published, broadcast, rewritten or redistributed.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 News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 106 418 11,538
MORTGAGES 135 521 14,424
FORECLOSURE NOTICES 0 0 2,278
BUILDING PERMITS 220 913 24,947
BANKRUPTCIES 53 297 8,729
BUSINESS LICENSES 26 119 3,890
UTILITY CONNECTIONS 71 524 13,980
MARRIAGE LICENSES 13 83 3,114

Weekly Edition

Issues | About

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