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.
