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

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.

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