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AR HB1135
Bill
Status
1/31/2019
Primary Sponsor
Joint Budget Committee
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AI Summary
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Appropriates $750,000,000 to the Office of the Treasurer of State for refunding cities' share of local sales and use taxes under Arkansas Code 26-75-307 for fiscal year 2019-2020
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Appropriates $750,000,000 to the Office of the Treasurer of State for refunding counties' share of local sales and use taxes under Arkansas Code 26-74-307 for fiscal year 2019-2020
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Funds shall be disbursed from the Local Sales and Use Tax Trust Fund and must comply with State Procurement Law, General Accounting and Budgetary Procedures Law, Revenue Stabilization Law, and other applicable fiscal control laws
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Declares an emergency to make the act effective July 1, 2019, citing the constitutional restriction on multi-year appropriations and the need for immediate operation of tax refund programs
Legislative Description
An Act For The Office Of The Treasurer Of State - Refund Of Local Taxes Appropriation For The 2019-2020 Fiscal Year.
Last Action
Notification that HB1135 is now Act 48
1/31/2019