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HB 1108

RELATING TO MANUFACTURED HEMP PRODUCTS.

2025 Regular Session Introduced by Nadine Nakamura

House Bill 1108 allocates $2.09 billion to refund local sales taxes to Arkansas cities and counties, enhancing their financial management and service delivery.

Introduced and Pass First Reading.
#doh #definition #manufacturedhempproducts
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Bill Summary · HB 1108

Summary of House Bill 1108: Relating to Manufactured Hemp Products

Bill Overview

Bill Number: HB 1108
Introduced: January 13, 2025
Status: Introduced and Passed First Reading
Classification: Bill
Subject: Department of Health (DOH), Definition, Manufactured Hemp Products

House Bill 1108 aims to make appropriations for the refund of local sales and use taxes by the Office of the Treasurer of State for the fiscal year ending June 30, 2026. The bill is part of the Arkansas General Assembly's efforts to manage local tax revenues effectively.

Key Provisions

  1. Appropriations for Local Tax Refunds:

    • City Share: The bill appropriates $1,100,000,000 from the Local Sales and Use Tax Trust Fund to refund each city's share of local sales and use taxes.
    • County Share: An additional $990,000,000 is appropriated for refunding each county's share of local sales and use taxes.

  2. Compliance with Laws:

    • Disbursement of funds is subject to compliance with various state laws, including the State Procurement Law and the Revenue Stabilization Law.

  3. Legislative Intent:

    • The General Assembly emphasizes that funds disbursed under this act must align with the stated purposes for which the appropriations were made.

  4. Emergency Clause:

    • An emergency clause is included, declaring the necessity for the act to take effect on July 1, 2025, to ensure the timely operation of the agency involved.

Impact

  • Local Governments: The bill will significantly impact cities and counties in Arkansas by providing substantial refunds of local sales and use taxes, which can aid in their financial management and service delivery.
  • State Treasury: The appropriations will require careful management of the Local Sales and Use Tax Trust Fund to ensure that the refunds are processed efficiently and in compliance with state laws.

Procedural Timeline

  • January 13, 2025: Bill filed and read for the first time.
  • January 22, 2025: The bill was considered in the Committee of the Whole and recommended for passage.
  • January 23, 2025: The bill passed the third reading and was returned from the Senate as passed. The emergency clause was adopted.
  • January 27, 2025: Notification that HB 1108 is now Act 4.

Related Legislation

  • SB 1427: A companion bill related to HB 1108.

This summary provides an overview of House Bill 1108, highlighting its purpose, key provisions, and the potential impact on local governments in Arkansas. The bill's swift progression through the legislative process indicates its importance to state financial management.

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

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