TO CUT THE STATEWIDE SALES TAX RATE BY ONE-EIGHTH PERCENT TO REDUCE THE SURPLUS FUNDS COLLECTED FROM ARKANSAS TAXPAYERS.

Senate Bill 289 proposed to reduce the statewide sales tax rate in Arkansas by three-eighths percent (0.375%). This measure aimed to lessen the amount of surplus funds collected from Arkansas taxpayers. If enacted, the bill would have directly affected consumers by lowering the sales tax they pay on goods and services. The bill died in the Senate Committee.