Ark. truckers to save $4M with July 1 tax break - WMC Action News 5 - Memphis, Tennessee

Ark. truckers to save $4M with July 1 tax break

By CHUCK BARTELS
Associated Press

LITTLE ROCK, Ark. (AP) - With the start of the new fiscal year, the Arkansas trucking industry will get a break on taxes levied on new vehicle purchases.

The tax break that will cost the state $4 million per year takes effect Sunday, but how the reduction came about has left some lingering bad feeling at the Capitol.

The tax cut was designed to partly offset a proposed increase in the diesel fuel tax that never won approval.

Gov. Mike Beebe says it was wrong for the tax cut to go into effect. The Senate blocked a House effort during the 2012 fiscal session to delay imposition of the tax for one year.

State Sen. Paul Bookout, D-Jonesboro says he hopes to see the issue surface again in the regular session that starts in January.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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