Beebe Signs Bill that Will Eliminate Income Taxes for Some Arkansans - KAIT Jonesboro, AR - Region 8 News, weather, sports

Little Rock, AR

Beebe Signs Bill that Will Eliminate Income Taxes for Some Arkansans

MARCH 6, 2007 - Posted at 7:37 a.m.  CST

 

LITTLE ROCK (AP) - Arkansas' income tax will be collected from 81,000 fewer people next year, now that Governor Beebe has signed into law a measure that raises the minimum level at which the tax must be paid.

The measure signed yesterday was sponsored by Republican Representative Keven Anderson of Rogers as part of a negotiated tax-cut deal between the governor and House leaders. The law is expected to cut state revenue by about $14 million in its first year and $16 million in the next.

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

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