Arkansas

TexasTowelie

(117,550 posts) Sat Jul 28, 2018, 06:58 AM Jul 2018

Arkansas utilities told to submit plans following tax cut

LITTLE ROCK—The Arkansas commission regulating utility rates has ordered the state's eight investor-owned utilities to explain how they plan to pass tax savings on to their customers.

The Arkansas Public Service Commission told the utilities Thursday that they have 30 days to file their plans, the Arkansas Democrat-Gazette reported .

Lawmakers in December passed the federal Tax Cuts and Jobs Act, which reduces the corporate tax rate from 35 percent to 21 percent.

Gov. Asa Hutchinson asked the commission in January to pass on benefits of the federal corporate tax rate cut to Arkansas ratepayers "as expeditiously as possible."

Read more: http://www.texarkanagazette.com/news/arkansas/story/2018/jul/28/arkansas-utilities-told-submit-plans-following-tax-cut/736379/

3 replies

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Arkansas utilities told to submit plans following tax cut (Original Post) TexasTowelie Jul 2018 OP

I am not sabbat hunter Jul 2018 #1

Something along the lines of "putting it into infrastructure" (Needed new corp jets) LiberalArkie Jul 2018 #2

TO LATE TO GIVE BACK ANY CASH TO THE PEOPLE ROB-ROX Jul 2018 #3

sabbat hunter

(6,902 posts)

1. I am not

Reply to TexasTowelie (Original post)

Sat Jul 28, 2018, 07:11 AM

Jul 2018

going to hold my breath on this one.
Their answer probably will be 'we will be able to hold down future rate increases' and then go ahead with rate increases anyhow.

LiberalArkie

(16,658 posts)

2. Something along the lines of "putting it into infrastructure" (Needed new corp jets)

Reply to TexasTowelie (Original post)

Sat Jul 28, 2018, 08:32 AM

Jul 2018

ROB-ROX

(767 posts)

3. TO LATE TO GIVE BACK ANY CASH TO THE PEOPLE

Reply to TexasTowelie (Original post)

Sat Jul 28, 2018, 01:46 PM

Jul 2018

I think the whole plan will be FORGOTTEN and they will get a RATE increase.......Poor red state people will not know anything except DEMOCRATS are to blame for their re-thug-again friends helping them to FAIL AGAIN.........

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