Arkansas Senator Revives Tax-Cut Bill That Would Help Self-Storage
Arkansas Sen. Bobby Glover, D-Carlisle, has re-filed a tax-cut bill that failed to clear a House committee in 2007 but would repeal the sales tax levied on mini-warehouse and self-storage rental services. SB 2 would go into effect on Jan. 1, 2011. It states that the tax would be repealed if the state’s chief fiscal officer certifies after July 1, 2010, that net-general revenue for the fiscal year ending June 30, 2010, exceeds the amount to fully fund the maximum allocations by at least $ 4 million.
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