Bill to Repeal Arkansas Self-Storage Tax Heads to House Floor

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A measure that would repeal the Arkansas state tax on mini-warehouses and self-storage services is headed to the House floor for a vote. SB 2, sponsored by Sen. Bobby Glover, has already passed the Senate and gained the endorsement of the House Revenue and Taxation Committee. The bill would repeal the tax beginning July 1, 2011. The Arkansas Department of Finance and Administration said losing the tax would cost the state about $4.2 million a year. The tax was enacted in to help pay for an overhaul of the state's public school system.
 
Source: arkansasbusiness.com, Repeal of Warehouse Tax Headed to House Floor

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