Ax the food tax | Arkansas Blog

Ax the food tax

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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.

From the ArkTimes store

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