Maintenance and Modifications
Arkansas Aero Alliance Concerned Over New Tax Plans
A scheme to replace revenues lost to high-income taxpayers could put businesses in jeopardy.

The Arkansas Aerospace and Defense Alliance is concerned about overtures from the state that could threaten tax-exempt status for some of its members. Executive director Chad Causey told AIN during the 2018 Arkansas Aerospace and Defense Summitlast week that meetings are planned later this month to explore ways the state could reclaim tax revenue that would be lost if a pending upper-tier individual income tax exemption is approved. Some of that tax revenue could be replaced in the state’s coffers by imposing sales taxes on aircraft work that is currently exempt.