State Income Taxes; with regard to military retirement income, to determine and apply a cost-of-living adjustment to the amount of allowable retirement pay; require the state revenue commissioner

2025-2026 Regular Session Introduced by Jason Anavitarte and 11 co-sponsors

Senate Bill 26 allocates $16.5M for affordable housing in Arkansas, enhancing options for residents and supporting local governments through grants and services.

Senate Recommitted

#revenueandtaxation

Purpose and Intent

Senate Bill 26 (SB 26) aims to address the pressing issue of affordable housing in Arkansas. The bill proposes appropriations for the Department of Commerce, specifically the Division of Aeronautics, to support personal services, operating expenses, and grants related to affordable housing initiatives. The overarching goal is to enhance the availability of affordable housing options across the state.

Key Provisions

Appropriations:

The bill allocates a total of $16,518,370 for the fiscal year ending June 30, 2026. This includes:
- Regular Salaries: $398,931
- Personal Services Matching: $140,910
- Operating Expenses: $165,029
- Conference & Travel: $50,000
- Professional Fees: $763,500
- Airport Grant Funding and Related Expenses: $15,000,000
An additional $12,000,000 is appropriated from federal funds for airport grant funding and related expenses.

Personnel:

The bill establishes a maximum number of employees for the Division of Aeronautics, including positions such as:
- Aeronautics Director
- Engineer, P.E.
- Aeronautics Assistant Director
- Business Operations Manager
- Executive Assistants

Compliance:

The disbursement of funds is subject to compliance with various state laws and regulations, including the State Procurement Law and the General Accounting and Budgetary Procedures Law.

Emergency Clause:

An emergency clause is included, stating that the act will take effect on July 1, 2025, to ensure the timely operation of the agency and the provision of essential governmental programs.

Affected Parties

Department of Commerce: The primary agency responsible for implementing the provisions of the bill.

Local Governments: Cities and counties that may receive grants for affordable housing projects.

Residents of Arkansas: Individuals and families seeking affordable housing options will benefit from the initiatives funded by this bill.

Procedural Aspects

Introduced: January 7, 2025

Status: The bill is currently in the conference committee stage, with a meeting scheduled for April 25, 2025, at 3:30 PM in Conference Room 016.

Legislative Actions: The bill has undergone multiple readings, amendments, and committee recommendations since its introduction, reflecting a collaborative effort to refine its provisions.

Conclusion

SB 26 represents a significant legislative effort to tackle affordable housing challenges in Arkansas by providing necessary funding and support to the Department of Commerce. The bill's successful passage could lead to improved housing options for residents, particularly in areas impacted by economic constraints.

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