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AR SJR14
Joint Resolution
Status
4/25/2019
Primary Sponsor
Lance Eads
Click for details
AI Summary
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Proposes a constitutional amendment to continue a 0.5% sales and use tax on tangible personal property, digital products, and services (excluding food) after bonds from Arkansas Constitution Amendment 91 are retired
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Tax revenue shall be distributed to the State Highway and Transportation Department Fund, County Aid Fund, and Municipal Aid Fund according to percentages in Arkansas Highway Revenue Distribution Law sections 27-70-201 and 27-70-206
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Tax becomes effective July 1, 2023, if the Chief Fiscal Officer determines a written statement has been filed before June 1, 2023; otherwise becomes effective the first day of the first calendar quarter beginning more than 30 days after the statement is filed
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Revenue from the tax cannot be used to secure bonds issued by the State Highway Commission
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Amendment requires voter approval at the next general election for Representatives and Senators
Legislative Description
To Continue A Levy Of A One-half Percent Sales And Use Tax For The State’s Highway System, County Roads, And City Streets.
Last Action
Sine Die adjournment
4/25/2019