LITTLE ROCK (AP) - The leaders of the Arkansas House and Senate say they believe they're moving closer toward a deal on about $100 million in tax cuts.
Senate President Michael Lamoureux and Speaker Davy Carter said Thursday that they hope to have an agreement soon on what cuts would be included in that package.
Gov. Mike Beebe declined to name a specific figure for a tax cut agreement, but said he believed a deal could be reached soon. Beebe said cutting taxes would depend on the Legislature agreeing to a plan to expand insurance to low-income workers. The proposal would use federal Medicaid funds to buy private insurance for the newly eligible under the health care law.
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)