Arkansas lawmakers talk proposed sales tax exemptions
LITTLE ROCK, AR (KAIT/KARK) - Arkansas residents may soon pay more for items like gas, groceries, and prescriptions.
According to a report from Little Rock television station KARK, those were among items on a list of proposed sales tax exemptions lawmakers could decide to put under more review.
The legislature's Tax Reform and Relief Task Force ultimately decided not to consider any adjustments to the gas tax.
However, lawmakers did decide to further review the reduced sales tax on groceries, with some sort of tax credit for those with low to moderate income.
The task force also voted to refine the sales tax exemption for 4-wheelers and ATV's to ensure that it can only apply to farmers.
Other agriculture issues could be on the chopping block, which is something the State Rice Federation is keeping a close eye on.
"My favorite quote from John F. Kennedy is the American farmer is the only man in our economy that buys everything retail, sells everything wholesale and pays the freight both ways. So that kind of sums up where we are," says Arkansas Rice Federation chairman Jeff Rutledge.
Sen. Bart Hester proposed the money from an exemption cuts would go to tax relief, but Rutledge said he believes it would be difficult to pin that money down if it goes back into general revenue.
Lawmakers will pick up where they left off on the proposals on Friday.
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