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Fri October 18, 2013
Property Tax Bill Stalls Before Arkansas Lawmakers
A plan to allow Arkansas to retain excess property tax revenue from a handful of school districts has stalled before a House panel. Supporters say the move effectively kills the proposal for this week's special session.
The House Education Committee rejected an effort Friday to bring the proposal up for a vote after it was tabled earlier in the day.
The Senate sponsor of an identical bill said he wouldn't bring it before that chamber due to the House objections.
The proposal would allow the state to retain excess property tax revenue from districts where higher property tax collections pushed the districts above total school funding levels set by state law.
It would also phase out the excess revenue from eight districts where collections are currently above that funding level.