House Revenue & Tax Panel Advances Tax Cuts, Discusses Future Financial Condition for State

by Roby Brock (roby@talkbusiness.net)

Arkansas lawmakers on Thursday (April 8) approved tax cut measures in the House Revenue & Tax committee, including a larger exemption for used car taxes and a repeal of the soft drink tax.

For the first 88 days of the 93rd Arkansas General Assembly, legislative leaders have been holding off major tax cuts, despite a nearly $500 million surplus, as they stitch together the $5.86 billion state budget.

Now that Revenue Stabilization Act (RSA) talks have formally commenced between the executive and legislative branches, a clearer consensus of revenue and spending has emerged.

https://talkbusiness.net/2021/04/house-revenue-tax-panel-advances-tax-cuts-discusses-future-financial-condition-for-state/

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