The Arkansas House is set to vote on a package of tax cuts that is expected to eventually cost the state more than $140 million a year.
The House on Friday was scheduled to consider a dozen bills, including proposals to cut Arkansas' taxes on income, capital gains and manufacturers' utility bills. The package also includes tax cuts for farmers and armed service members.
The tax cuts are estimated to cost the state $10.7 million in the coming fiscal year and will eventually cost more than $140 million annually.
Gov. Mike Beebe told reporters he planned to sign the measures into law, despite concerns about the revenue impact in later years.
