Ax the food tax | Arkansas Blog

Ax the food tax



As several readers reported earlier, Rep. Horace Hardwick (R.-Waltonville), has filed a bill to phase out the state sales tax on food by July 1, 2010 but retain  local sales taxes. His bill would begin with a drop from 4.5 to 3 percent July 1. (Another 1.5 cents in state sales tax would still apply, a variety of taxes that are devoted to special funds for education, property tax relief and outdoors.) The cuts could be delayed if finance officials certified that the state was expecting a decline in revenue at current rates.

Since the representative is Wal-Mart's de facto lobbyist on the floor, the company is presumably prepared to take a reduction in the percentage it reaps for collecting the tax.

But, we are assured, Hardwck's bill isn't likely to be the vehicle adopted by the incoming administration.

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