House Speaker Says He's Working on Three Tax-Cut Measures

JANUARY 24, 2007 - Posted at 7:38 a.m. CST

LITTLE ROCK, AR - A package of three tax-cut bills, including an $80 million annual tax rebate for low and middle income Arkansans, should be ready by the end of the week as an alternative to Governor Beebe's proposal to cut the sales tax on groceries, House Speaker Benny Petrus says.

Petrus said Tuesday he is working with House members and Senate leaders on the bills.  He is offering the measures as options to trimming the state's six percent sales tax on groceries in half, as Beebe urges.  Petrus says that, combined, his three bills would cost the state at least $131 million annually if enacted.

(Copyright 2007 by The Associated Press.  All Rights Reserved.)