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AR HB1265

Bill

Status

Passed

3/12/2015

Primary Sponsor

Joint Budget Committee

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Origin

House of Representatives

90th General Assembly (2015 Regular)

AI Summary

  • Appropriates $100,000,000 to the Office of the Treasurer of State for refunding each city's share of local sales and use taxes under Arkansas Code 26-75-307, supplemental to Act 166 of 2014

  • Appropriates $100,000,000 to the Office of the Treasurer of State for refunding each county's share of local sales and use taxes under Arkansas Code 26-74-307, supplemental to Act 166 of 2014

  • Funds are payable from the Local Sales and Use Tax Trust Fund for fiscal year 2014-2015

  • All disbursements must comply with the State Procurement Law, General Accounting and Budgetary Procedures Law, Revenue Stabilization Law, and other applicable fiscal control laws

  • Declares an emergency due to insufficient funds for the Office of the Treasurer of State to provide essential governmental services, making the act effective upon passage and approval on March 12, 2015

Legislative Description

An Act For The Office Of The Treasurer Of State - Refund Of Local Taxes Supplemental Appropriation.

Last Action

Notification that HB1265 is now Act 388

3/12/2015

Committee Referrals

Budget2/5/2015

Full Bill Text

No bill text available