Ark. lawmakers: No rush on tax cut proposals
LITTLE ROCK, Ark. (AP) - Arkansas Republicans are in no rush to take up any proposed tax cuts with questions about the state's budget unanswered. But a key legislative leader says he wants a tax-cut package that's larger than the $35 million compromise approved two years ago.
House and Senate leaders say they want to resolve questions about the state's budget and potential cuts in Medicaid before taking up dozens of expected tax cut proposals.
House Revenue and Taxation Committee Chairman Rep. Charlie Collins says he's "very bullish" that large tax cuts can be attained.
Democratic Gov. Mike Beebe proposes a cut in the grocery tax that would depend on certain budget obligations declining. Republicans say they want to look at other options, including income tax cuts and the taxes manufacturers pay for utilities.
COMPLETE COVERAGEBeebe Proposes Trigger to End Grocery Tax (Jan. 15)Ark. lawmakers: No rush on tax cut proposals (Jan. 20)Arkansas House speaker backs $150M in tax cuts (Feb. 26)Ark. panel approves tax cut for farm structures (March 14)Tax exemption for farmers passes Arkansas House (March 18)Ark. leaders say they're closer to tax cut deal (March 20)Ark. House panel advances income tax cut bill (March 26)Beebe: Problem with tax cuts' effective dates (March 27)Income Tax cuts in Arkansas (April 2)Ark. House panel OKs tax cut for manufacturers (April 2)Ark. House speaker amends capital gains tax bill (April 4)House approves conditional cut in Ark. grocery tax (April 16)Arkansas House approves package of tax cut bills (April 16)Ark. Senate committee advances tax cut bills (April 18)Ark. Senate approves $140M tax cut package (April 19)