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HB 1094

AN ACT TO MAKE AN APPROPRIATION FOR STATE TURNBACK FOR COUNTIES AND MUNICIPALITIES BY THE OFFICE OF THE TREASURER OF STATE SUPPLEMENTAL APPROPRIATION.

2026 Fiscal Session

Provides an additional $90,000,000 from the Property Tax Relief Trust Fund to counties for statewide property tax relief, supplementing Act 541 of 2025.

Notification that HB1094 is now Act 114
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WeVote Research Nonpartisan
Bill Summary · HB 1094

Summary of HB 1094 (Session 2026F, Arkansas)

Purpose and intent

  • HB 1094 is an appropriation measure within the 2026 Fiscal Session.
  • Title indicates it is a supplemental appropriation for “State Turnback for Counties and Municipalities” by the Office of the Treasurer of State.
  • The act is designed to provide additional funds beyond what was already appropriated in Act 541 of 2025, specifically to support distribution of statewide property tax relief to counties.

Key provisions

  • Section 1 — Appropriation for Real Property Tax Reduction (Counties)

    • Creates an appropriation to the Office of the Treasurer of State.
    • Source: Property Tax Relief Trust Fund.
    • Purpose: Distribute funds, as part of statewide property tax relief, to counties.
    • Nature: Supplemental and in addition to the funds already appropriated by Section 7 of Act 541 of 2025.
    • Specific amount (Fiscal Year 2025-2026): $90,000,000 designated for “Distribution to Counties for Property Tax Relief.”

  • Section 2 — Compliance with Other Laws

    • Requires that fund disbursement comply with applicable laws and regulations, including procurement, budgeting, and fiscal control statutes.
    • References to the Department of Finance and Administration (DFA) for regulatory guidance during disbursement.

  • Section 3 — Legislative Intent

    • Clarifies that disbursements should align with the stated reasons for the bill, as reflected in budget manuals and related budget documents (Agency Requests, Executive Recommendations, Legislative Recommendations, etc.).

  • Section 4 — Emergency Clause

    • Declares an emergency to ensure immediate effect, asserting that unforeseen circumstances render current funds insufficient for essential services by the Office of the Treasurer of State.
    • States the act should be in full force from the date of passage and approval.
    • Provides standard emergency-approval language: if not vetoed, becomes effective at the end of the governor’s veto period; if veto overridden, becomes effective on the date the last chamber overrides.

Who/what is affected

  • Primary: Counties receiving property tax relief via the Office of the Treasurer of State.
  • Source of funds: Property Tax Relief Trust Fund.
  • Broader fiscal context: Supplements funding already provided by Act 541 of 2025, Section 7, specifically for property tax relief distributions to counties.

Financial impact and timeline

  • Amount: $90,000,000 (Fiscal Year 2025-2026) for distribution to counties for property tax relief.
  • ** funding mechanism**: Supplemental to prior appropriation; governed by existing state fiscal controls and procurement/budget laws.
  • Effective date: Immediate upon enactment due to emergency clause (subject to standard gubernatorial veto/override timeline).

Potential implications

  • Enhanced and accelerated property tax relief for counties due to additional turnback funds.
  • Counties may rely on more immediate or larger distributions to fund property tax relief measures.
  • Compliance and governance are aligned with existing Arkansas fiscal law and procurement rules to ensure proper use of funds.

If you’d like, I can compare HB 1094 to Act 541 of 2025 to highlight how the supplemental allocation interacts with prior funding.

Compiled from official sources — confirm details with the bill’s official record.

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