Tax deal is done by Senate, House | Arkansas Blog

Wednesday, March 16, 2011

Tax deal is done by Senate, House

Posted By on Wed, Mar 16, 2011 at 2:26 PM

Roby Brock indicates the defeat of the capital gains tax cut for the wealthy this morning in Senate committee set the stage for a workout of House/Senate divisions on tax cuts.

The predicted package to be approved: $37 million in tax cuts. 1) Gov. Beebe's half-cent grocery tax reduction; 2) the tax break for manufacturers' utilities (this would include the gosh-awful giveaway to merchant power producers for the natural gas they burn); 3) Sen. Gilbert Baker's reduction in the used car sales tax, by raising the exemption level from $2,500 to $5,000; 4) a correction for low-income tax relief for heads of household; 5) the mostly useless back-to-school sales tax holiday on school clothing and supplies; 6) extension and an increase to $250,000 in the tax credit for investments in tourism projects in depressed counties.

The stuff is supposed to start rolling out of a special meeting of the Senate tax committee after adjournment this afternoon.

UPDATE: No action in Senate committee this afternoon after a visit by gubernatorial chief of staff Morril Harriman. Comments on the House floor earlier seemed to hint that a compromise was in the works, but no further action developed.

Will House Republicans continue to block $6,000 spending increases for the Arkansas School for the Deaf and similar? We'll see. The House did sign off on all the Senate General Improvement Fund bill, dozens of them, but it's uncertain still how the surplus money issue will shake out. And, yes, the Shiites did allow the School for the Deaf bill through.

Tags: , , ,

Sign up for the Daily Update email

Comments (3)

Showing 1-3 of 3

Add a comment

Subscribe to this thread:
Showing 1-3 of 3

Add a comment

More by Max Brantley

Readers also liked…

  • Former Arkansas Attorney General Dustin McDaniel applauds Trump's EPA choice of climate change denier Scott Pruitt

    Dustin McDaniel gives the thumbs up to a man set to dismantle EPA regulations.
    • Dec 8, 2016
  • Use of solar on the rise in Arkansas

    With a pivotal ruling expected any day now from the Public Service Commission, Kyle Massey at Arkansas Business reports on the increase in Arkansans adding solar generation units on their homes and business.
    • Apr 13, 2018
  • Trump immigration protest at LR: Quick and fierce

    It was not even 24 hours ago that Sophia Said, director of the Interfaith Center; City Director Kathy Webb and others decided to organize a protest today of Donald Trump's executive order that has left people from Muslim countries languishing in airports or unable to come to the US at all — people with visas, green cards,a  post-doc graduate student en route to Harvard, Google employees abroad, families. I got the message today before noon; others didn't find out until it was going on. But however folks found out, they turned out in huge numbers, more than thousand men, women and children, on the grounds of the state Capitol to listen to speakers from all faiths and many countries.
    • Jan 29, 2017

Most Recent Comments



© 2018 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation