Post by Logan on Jan 27, 2017 7:27:23 GMT -6
LITTLE ROCK -- A state House committee approved a bill Thursday that would cut taxes for military veterans who retire in Arkansas, despite concerns among some of its members that students who buy textbooks electronically would be among those paying part of the $13 million price tag.
Gov. Asa Hutchinson's initial plan to help veterans would have ended an exemption on mobile home sales. Legislators decided instead to change sales taxes on soft drinks and candy and remove a sales tax exemption for downloaded goods.
"It was important to provide the military retirees a benefit and ... that cost is paid for," Hutchinson said in a meeting with reporters at his state Capitol office after the panel's vote. "The Legislature felt comfortable including the tax on digital downloads vs. the mobile home tax exemption.
"For that student who lives in a mobile home downloading text(book)s, it balances out," he said.
Read more: www.hotsr.com/news/2017/jan/27/arkansas-panel-advances-tax-break-for-r/
Gov. Asa Hutchinson's initial plan to help veterans would have ended an exemption on mobile home sales. Legislators decided instead to change sales taxes on soft drinks and candy and remove a sales tax exemption for downloaded goods.
"It was important to provide the military retirees a benefit and ... that cost is paid for," Hutchinson said in a meeting with reporters at his state Capitol office after the panel's vote. "The Legislature felt comfortable including the tax on digital downloads vs. the mobile home tax exemption.
"For that student who lives in a mobile home downloading text(book)s, it balances out," he said.
Read more: www.hotsr.com/news/2017/jan/27/arkansas-panel-advances-tax-break-for-r/