Friday, March 21, 2008

Beebe calls special session on Severance Tax, reports The Morning News

Of the revenue generated, 95 percent would go to road improvements. Of that, 70 percent would go to state highways, and counties and cities would receive 15 percent each.

The remaining 5 percent would go to general revenue to replace the current tax, which amounted to less than $700,000 last year, and to fund environmental and conservation needs, Beebe said.
For the full story, click on the following link

Beebe calls special session on severance tax, by The Morning News
or see your morning newspaper.

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