HB1094
An Act To Make An Appropriation For State Turnback For Counties And Municipalities By The Office Of The Treasurer Of State Supplemental Appropriation.
Last Action (April 14, 2026): Read the first time, rules suspended, read the second time and referred to the Committee on JOINT BUDGET COMMITTEE
Sponsors
AI-Generated Summary
House Bill 1094 is a supplemental appropriations bill for the State of Arkansas during the 2026 Fiscal Session. It authorizes the Office of the Treasurer of State to distribute an additional $90,000,000 from the Property Tax Relief Trust Fund to counties. This appropriation is intended to supplement funds previously allocated under Act 541 of 2025 for the purpose of property tax relief. The bill mandates strict compliance with state fiscal control laws and procurement regulations. Additionally, the bill includes an emergency clause, enabling it to take effect immediately upon passage to prevent potential disruptions in essential governmental services.
Potential Impact Analysis
Who Might Benefit?
The primary beneficiaries are Arkansas county governments, which will receive the $90 million distribution for property tax relief, and property owners within those counties, who may experience direct or indirect relief through the intended application of these funds.
Who Might Suffer?
There is no group explicitly harmed by this bill; however, the state government experiences a reduction in the available balance of the Property Tax Relief Trust Fund. Because this is a supplemental appropriation, it draws on existing state funds, which could theoretically limit the availability of those specific resources for other legislative priorities or alternative fiscal adjustments within the state budget.
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