Estate Tax Repeal Filed - KAIT Jonesboro, AR - Region 8 News, weather, sports

84th General Assembly

Estate Tax Repeal Filed

January 21, 2003
Posted at: 8:45 p.m. CDT

LITTLE ROCK, Ark. -- Legislation to repeal the state estate tax was introduced today.

The bill from Senator Denny Altes of Fort Smith would eliminate the so-called death tax on January 1, 2004.

The state fiscal office estimated the state would collect about $14 million in fiscal year 2004, nearly $8 million the next year and just over $1.5 million in 2006.

The diminishing returns will result from a phase out of the federal estate tax, of which the state receives a percentage.

Copyright 2003 Associated Press. All rights reserved.
This material may not be published, broadcast, rewritten, or redistributed.

  • Region 8 News</span><a class="customMoreLink" href="/Global/category.asp?C=4391" target="_top">More >></a>Region 8 NewsMore>>

  • Zip meets the date

    Zip meets the date

    Monday, July 24 2017 5:49 PM EDT2017-07-24 21:49:57 GMT
    Monday, July 24 2017 11:57 PM EDT2017-07-25 03:57:29 GMT
    (Source: KAIT-TV)(Source: KAIT-TV)

    An event that happens once every one hundred years occurs in Brookland.

    An event that happens once every one hundred years occurs in Brookland.

  • JPD investigates break-in at former GE plant

    JPD investigates break-in at former GE plant

    Monday, July 24 2017 10:05 PM EDT2017-07-25 02:05:30 GMT
    Monday, July 24 2017 11:52 PM EDT2017-07-25 03:52:52 GMT
    (Source: KAIT)(Source: KAIT)

    Jonesboro police spent Monday looking for suspects in the theft of wire from the former General Electric plant, police said Monday. 

    Jonesboro police spent Monday looking for suspects in the theft of wire from the former General Electric plant, police said Monday. 

  • A-State students to participate in total eclipse preparations

    A-State students to participate in total eclipse preparations

    Monday, July 24 2017 10:43 PM EDT2017-07-25 02:43:27 GMT
    Monday, July 24 2017 11:50 PM EDT2017-07-25 03:50:37 GMT
    A-State students and professors will test a high altitude balloon August 21 during the solar eclipse. (Source: KAIT)A-State students and professors will test a high altitude balloon August 21 during the solar eclipse. (Source: KAIT)

    A group of A-State students will have an opportunity next month to take part in history plus learn a lot about science. 

    A group of A-State students will have an opportunity next month to take part in history plus learn a lot about science. 

Powered by Frankly