Arkansas HB1033 appropriates funds for refunding local sales and use taxes for fiscal year 2026-2027.
Arkansas HB1033 allocates funds from the Local Sales and Use Tax Trust Fund to the Office of the Treasurer of State for refunding each city's and county's share of local sales and use taxes for the fiscal year ending June 30, 2027. The bill specifies $1,130,000,000 for city refunds and $990,000,000 for county refunds. It mandates compliance with state fiscal control laws and declares an emergency clause due to the one-year appropriation limit.
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