Beebe Signs Bill that Will Eliminate Income Taxes for Some Arkansans
March 6, 2007 at 12:36 PM CST - Updated July 3 at 12:51 PM
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.)