Committee Passes Bill to Reduce Tax on Used Cars
FOR IMMEDIATE RELEASE
Tuesday, March 19, 2019
Little Rock – On Tuesday the Arkansas House Revenue and Tax Committee passed H.B. 1342, sponsored by Rep. John Payton (R – Wilburn), amending state law concerning sales tax on used cars and trailers.
Family Council President Jerry Cox released a statement saying, “This is a good bill. It changes state law so that people won’t have to pay sales tax if they spend less than $7,500 on a used car. That’s going to help a lot of families get a reliable vehicle without breaking the bank.”
Cox said Family Council has supported efforts to change the state’s law taxing used cars for years. “We’ve worked on this issue for over a decade. The used car tax hurts Arkansas’ poor and middle class families. A lot of folks can barely scrape together a few thousand dollars to buy a used car as it is. They can’t afford to pay the state on top of that. Single moms who need a reliable vehicle to get to work, school, and soccer practice shouldn’t be penalized for buying a used car. H.B. 1342 gives families like theirs some relief.”
Cox said he hopes Arkansans will ask their state legislators to support H.B. 1342. “This is commonsense legislation that’s going to help a lot of families, and won’t cost the State very much in tax revenue. It still needs to pass the entire Arkansas House and the Arkansas Senate. I hope Arkansans will ask their lawmakers to support this good bill.”
Family Council is a conservative education and research organization based in Little Rock, Arkansas.
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Photo Credit: Ben Schumin, CC BY-SA 2.5 https://creativecommons.org/licenses/by-sa/2.5, via Wikimedia Commons.