New Tax Goes on the Books in Arkansas Today - KAIT Jonesboro, AR - Region 8 News, weather, sports

Little Rock, AR

New Tax Goes on the Books in Arkansas Today

JULY 1, 2004 - Posted at 7:35 a.m. CDT

 

LITTLE ROCK, AR - Business owners across the state are sweating the possible effects of a nearly ten percent price increase that goes into effect today.

Thousands of businesses statewide will have to add state and local sales taxes to the services they sell under a recent state law that extends the taxes to services not previously taxed.

The Legislature raised the state sales tax this year from 5.125 percent to six percent to generate additional revenue for a court-ordered public education overhaul.

Expanding the higher sales tax to services from dry cleaning, body piercing, and campground rentals to pet grooming, security system monitoring and wrecker and towing services, will add about $24 million annually to the $370 million in new taxes the Legislature raised this year to pay for overhauling an unconstitutional state public education system.

(Copyright 2004 by The Associated Press.  All Rights Reserved.)

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

  • Police: Woman left baby in hot car while she shoplifted

    Police: Woman left baby in hot car while she shoplifted

    Tuesday, October 17 2017 11:56 AM EDT2017-10-17 15:56:17 GMT
    Tuesday, October 17 2017 12:10 PM EDT2017-10-17 16:10:41 GMT
    Sabrina Marie Phommarath (Source: Craighead Co. Sheriff's Office)Sabrina Marie Phommarath (Source: Craighead Co. Sheriff's Office)

    A Jonesboro woman faces a felony child endangerment charge after police say she left her one-month-old baby in a hot car while she shoplifted.

    A Jonesboro woman faces a felony child endangerment charge after police say she left her one-month-old baby in a hot car while she shoplifted.

  • Trumann man sentenced in robbery case

    Trumann man sentenced in robbery case

    Tuesday, October 17 2017 11:25 AM EDT2017-10-17 15:25:05 GMT
    Tuesday, October 17 2017 12:10 PM EDT2017-10-17 16:10:40 GMT

    A Trumann man will spend the next 5 years in jail after he pled guilty to robbery.

    A Trumann man will spend the next 5 years in jail after he pled guilty to robbery.

  • St. Jude S'travaganza moves to former Sears building

    St. Jude S'travaganza moves to former Sears building

    Thursday, October 12 2017 9:52 AM EDT2017-10-12 13:52:59 GMT
    Tuesday, October 17 2017 11:22 AM EDT2017-10-17 15:22:41 GMT
    (Source: St. Jude S'travaganza via Facebook)(Source: St. Jude S'travaganza via Facebook)

    A major fundraising event to help children battling life-threatening illnesses has changed venues.

    A major fundraising event to help children battling life-threatening illnesses has changed venues.

Powered by Frankly