Most Active Stories
- Rally To Be Held At Arkansas Capitol Challenging Incarceration Policies
- Arkansas Herpetologist, University of Tulsa Researcher Find New Species
- Is Open Carry Legal in Arkansas? Depends On Who You Ask.
- Old State House To Screen "White Lightning" - 1973 Movie Shot In Arkansas
- Court Ruling In Flash Floods That Killed 20 At SW Arkansas Campground
Local & Regional News
Fri April 5, 2013
Arkansas House Panel Backs Beebe's Grocery Tax Cut
Gov. Mike Beebe's proposal to conditionally reduce the state's grocery tax has won approval from an Arkansas House committee.
The House Revenue and Taxation Committee voted on Friday to pass the measure, which would reduce the grocery tax only if the state's desegregation settlement payments or bond obligations decrease by $35 million over a six-month period.
If those conditions are met, the grocery tax would be reduced from 1.5 percent to 0.125 percent.
Republican legislative leaders are negotiating over a separate $100 million package of tax cuts, which is expected to include reductions in the state income and capital gains tax.
Beebe, a Democrat, has said there isn't room in his budget for additional cuts, but said savings from a proposal to expand healthcare coverage could fund some reductions.