AR SJR4

Requires three-fourths (3/4) vote of members elected to each house of the General Assembly to enact laws levying a new tax or increasing the rate of any existing tax

Requires majority vote of members elected to each house to decrease the rate of any tax or provide tax exemptions, credits, exclusions, or deductions

Requires majority vote of members elected to each house to remove any tax exemption, credit, exclusion, or deduction

Amendment becomes effective January 1, 2013, upon voter approval at the next general election for Representatives and Senators