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AR HB1108
Bill
Status
1/27/2025
Primary Sponsor
Joint Budget Committee
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AI Summary
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Appropriates $1,100,000,000 from the Local Sales and Use Tax Trust Fund for refunding cities' share of local sales and use taxes for fiscal year ending June 30, 2026
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Appropriates $990,000,000 from the Local Sales and Use Tax Trust Fund for refunding counties' share of local sales and use taxes for fiscal year ending June 30, 2026
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Total appropriation of $2.09 billion to the Office of the Treasurer of State for local tax refunds
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Disbursements must comply with State Procurement Law, General Accounting and Budgetary Procedures Law, Revenue Stabilization Law, and other fiscal control regulations
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Contains emergency clause making the act effective July 1, 2025; approved January 27, 2025
Legislative Description
An Act For The Office Of The Treasurer Of State - Refund Of Local Taxes Appropriation For The 2025-2026 Fiscal Year.
Last Action
Notification that HB1108 is now Act 4
1/27/2025