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AR HB1033

Bill

Status

Passed

3/3/2022

Primary Sponsor

Joint Budget Committee

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Origin

House of Representatives

93rd General Assembly (2022 Fiscal)

AI Summary

  • Appropriates $1,000,000,000 from the Local Sales and Use Tax Trust Fund to refund each city's share of local sales and use taxes for fiscal year 2022-2023

  • Appropriates $900,000,000 from the Local Sales and Use Tax Trust Fund to refund each county's share of local sales and use taxes for fiscal year 2022-2023

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

  • Directs that funds be disbursed in compliance with the stated reasons documented in budget manuals, Agency Requests, Executive Recommendations, and Legislative Recommendations

  • Effective July 1, 2022

Legislative Description

An Act For The Office Of The Treasurer Of State - Refund Of Local Taxes Appropriation For The 2022-2023 Fiscal Year.

Last Action

Notification that HB1033 is now Act 117

3/3/2022

Committee Referrals

Budget2/14/2022

Full Bill Text

No bill text available