Newly elected Governor Beebe fulfilled a campaign promise by proposing to cut in half the state's grocery tax taking the rate from the standard 6% to 3% effective July 1st of this year.
As we have mentioned in previous commentaries, we support the plan to reduce the grocery tax. And as we suggested, it is best that we reduce the amount gradually so we can get a true picture of how the reduction will impact future revenues.
With over $800 Million dollars in surplus, it seems reducing the grocery tax would be a fair way for all Arkansans to receive some relief. Unfortunately, some of our state representatives are not in favor of the grocery tax relief.
You can get all the information you need about the actions of your representatives by accessing the state governmental website at arkansas.gov or detailed information on pending legislation and sponsors at arkleg.state.ar.us. We'll share a link to those websites in the Consider This section on our website at kait8.com.