[Back Yard Burgers] knew about the [Arkansas soda] tax when it made the move, but it wasn't much of a concern. "It really didn't enter into it at all," King says.
The industry argued "that there's an economic development aspect to the issue, as well. If there's one profit percentage in Arkansas and another in Tennessee....where do you think a business will choose to locate? That line of reasoning didn't seem to hold in December 1993, when Memphis-based Back Yard Burgers Inc. decided to buy five stores in central Arkansas." From Arkansas Business: “Bottlers, lobbyists set to pop top on tax repeal.”
Monday, January 20, 1997
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