Arkansas Sales Tax Increase Ballot Measure
- Sales Tax News
- Apr 23, 2012 | Susan McLain
On November 6, 2012, Arkansas voters will get the opportunity to approve or reject a measure recommending a one-half percent increase in the state sales tax rate.
The “legislatively-referred constitutional amendment” would implement the half-cent sales tax in the state to “…be used to pay for a four-lane highway system statewide.”
As of March 26, 2012, a Business-Hendrix College poll found that 50% opposed the measure. Carroll County Judge Sam Barr feels the measure is unlikely to pass. He says, “People are strapped. They can’t pay their bills. I don’t know how the state is going to improve its roads without it. All of our roads are in need of repair but the money is not there. In my mind, there are two ways: try to find the money or try to get along.”
In addition to the Sales Tax Increase Amendment, the voters in Arkansas will also determine if they should place a five-cent tax on diesel to fund an existing bond issue for highway needs (Diesel Tax Increase Question); and whether to allow for the issuance of tax revenue bonds for highways (the Highway Bonds Question).