Last week, Arkansas Governor Mike Beebe signed into law a bill that repeals the sales tax imposed on mini-warehouses and self-storage services, setting an important precedent for the self-storage industry. SB 2, sponsored by Sen. Bobby Glover, officially repeals the tax as of July 1, 2011.
The tax was enacted in 2004 to help pay for an overhaul of the state's public school system. Though the Arkansas Department of Finance and Administration said losing the tax would cost the state about $4.2 million a year, it was passed in the legislature with a 115-15 vote.
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