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Wal-Mart, Dillards Push for Sales Tax Holiday
Retail giant Wal-Mart and Arkansas-based department store chain Dillards both endorsed an annual sales tax holiday for Arkansas today, the AP reports. Retailers testifying before a legislative committee love the notion, and there’s some bipartisan interest from legislators—but Gov. Mike Beebe may be a sticking point.
Story notes that a proposed three day sales tax holiday would require the state to forgo an estimated $5 million in sales tax revenue, though there’s no estimate as to how that total might be offset by increased consumer purchases during the holiday.
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September 18th, 2008 at 3:40 pm
You know Gov. Beebe another way of looking at this is that a sales tax holiday would save the taxpayers of this state an estimated $5 million each year.
September 18th, 2008 at 4:09 pm
But Jason, we would hate to have the State of Arkansas give back some of its extra revenue to the taxpayers!