Largest Tax Cut in State's History Heads to Senate - KAIT Jonesboro, AR - Region 8 News, weather, sports

Little Rock, AR

Largest Tax Cut in State's History Heads to Senate

JANUARY 30, 2007 - Posted at 7:34 a.m. CST

 

LITTLE ROCK, AR - A bill providing the largest tax cut in Arkansas' history by halving the state's sales tax on groceries won the quick support of a Senate committee, but may face a tougher time in the House.

The bill, a cornerstone promise of Governor Beebe's campaign last year, was discussed less than 20 minutes in the Senate Committee on Revenue and Taxation before members endorsed it with a voice vote yesterday.

House Speaker Benny Petrus has said he expects three bills to be filed this week as an alternative to Beebe's tax-cut proposal.  A bill filed yesterday by Representative Kevin Anderson of Rogers would provide an income tax credit as opposed to a grocery tax cut.

Speaking before the Senate Committee, Beebe said the tax cut was "imperative" to the state's taxpayers.

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

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