Tags: Economic- Crisis | Tax | cuts | Beebe | tax | budget | exemption

Arkansas Mulls Lower Taxes on Groceries, Sales

Wednesday, 23 Feb 2011 02:28 PM

An Arkansas state Senate committee OK’d three bills to lower taxes this week, the Time Record of Fort Smith reported Wednesday.

Beebe, groceries, sales, tax
Ark. Gov. Mike Beebe
The proposals that cleared the committee included one to lower the state sales tax on groceries backed by Gov. Mike Beebe. The Senate Revenue and Taxation Committee also endorsed bills that would double the state used-vehicle tax exemption and phase in a half-cent reduction in the sales tax manufacturers pay on natural gas and electricity. The bills are expected to be on the Senate agenda today.

"All of them impact the budget, all of them adversely impact the budget, so we'll make those adjustments accordingly," Beebe told the newspaper after the Monday committee meeting. "As long as they know what they are doing and they're prepared to adjust the budget, then so am I."

© 2015 Newsmax. All rights reserved.

Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
Zip Code:
Privacy: We never share your email.
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
You May Also Like

Gold Nuggets Stolen in San Francisco by 'Crash-and-Grab' Masked Robbers

Wednesday, 28 Jan 2015 09:05 AM

Gold nuggets valued at nearly $13,000 were stolen early Tuesday from a museum in San Francisco's financial district afte . . .

Warriors' Chinese New Year Uniforms Salute Year of the Goat

Wednesday, 28 Jan 2015 08:50 AM

Specially designed uniforms to market NBA games to Chinese fans during the upcoming Chinese New Year celebrations will b . . .

Tiger Woods Wears Big Toothy Smile for Year's First PGA Event

Wednesday, 28 Jan 2015 08:49 AM

Tiger Woods is in good spirits as he gears up for his first PGA Tour event of the year, despite having recently gotten a . . .

Top Stories

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

America's News Page
©  Newsmax Media, Inc.
All Rights Reserved