Tuesday, February 13, 2007

Its DONE-Ark Food TAX CUT largest ever


The Arkansas Senate has given final approval to the state's largest tax cut ever slashing the sales tax on groceries from six percent to three percent. The bill goes to Governor Beebe for his signature.

The tax cut will reduce Arkansas revenues by 252 (m) million dollars over the next two years. It was a centerpiece of Beebe's 2006 campaign for governor.
Senators voted 35-to-zero today to concur in a minor amendment from the House, which approved the tax cut 99-to-zero last week.

The Arkansas Policy Foundation says the typical Arkansas family would save 234 dollars annually on its grocery bills.