Posts tagged “News Release”

Legislation passed so far this session reduced taxes by $84 million for the current fiscal year and is projected to cut another $197 million in taxes for Fiscal Year 2022. The vast majority of those tax cuts come from two pieces of legislation drafted to respond quickly to the economic situation created by the health […]

The House is now in an extended recess. We will return in the fall to address redistricting. House members returned to the chamber shortly after midnight to concur in an amendment to HB1957. HB1957 states all acts, laws, orders, rules, and regulations of the United States Government that were enacted on or after January 1, […]

With a vote of 94-2, the House passed HB1949, an Act to Amend the Revenue Stabilization Law. This bill outlines general revenue distribution for Fiscal Year 2021. While decreasing state spending overall, the bill does provide increases for education, Medicaid, and corrections. The House also passed the following: SB673-This bill amends the Statutory Foreclosure Act […]

This week, the Joint Budget Committee advanced two bills outlining the proposed budget for the next fiscal year. The Revenue Stabilization Act prioritizes and categorizes state spending. It is typically one of the last bills passed every session. This year, the RSA is outlined in two identical bills SB702 and HB1949. The proposal disburses $5.84 […]

With a vote of 82-9, the House voted in favor of SJR10. This is a proposed constitutional amendment which, if approved by voters, would allow the General Assembly to call a special session upon the submission of a written proclamation with signatures from at least 2/3 of both the House and Senate membership. Currently, only […]

House members are now reviewing the proposed budget for Fiscal Year 2022. The Revenue Stabilization Act (RSA) categorizes and prioritizes state spending. It is typically one of the last items passed every session. We have posted the proposal HERE. Meanwhile, the House passed more than 20 bills today including the following: SB564-This bill creates the […]

The Revenue Stabilization Act categorizes and prioritizes state spending. It is typically one of the last items passed every session.Read the proposed RSA for Fiscal Year 2022 :  Fiscal Year 2022 RSA Schedule  These slides explain how RSA is drafted and implemented.Revenue Stabilization Law

With a vote of 78-15 and 3 members voting present, the House passed SB55. This bill is the appropriation for Medicaid and the Medicaid expansion program now known as ARHOME. The House also passed the following bills on Tuesday: HB1912-This bill would reduce the sales tax from 6.5% to 3.5% on used cars priced from […]

The House passed two bills today which would create new tax credits. HB1719 creates the Reboot Pilot Program. It would provide income tax credits for employers who hire former felony offenders who were released from his or her first term of incarceration in the last year. The maximum amount of this credit is $3,000. HB1456 […]

This week, the House passed several bills which will increase various tax credits and exemptions. Those bills include the following: HB1157 would double the income tax deduction for a teacher’s qualified classroom expense from $250 to $500. HB1513 creates an income tax credit for up to $3,500 for retired law enforcement officers who work cold […]

On Thursday, the House advanced a proposed constitutional amendment. HJR1005 would require statewide ballot initiatives to receive 60% of the vote before becoming law. If approved by the Senate, HJR1005 would be placed on the ballot in November of 2022. The House also passed the following: HB1391-This bill amends the law concerning consumer protection of […]

On Wednesday, the House passed bills outlining several tax credits and exemptions. HB1157 would double the income tax deduction for a teacher’s qualified classroom expense from $250 to $500. HB1513 creates an income tax credit for up to $3,500 for retired law enforcement officers who work cold cases for Arkansas State Police. HB1196 would provide […]