WeVote
Log In

Bill

Bill

HR 1011

TO AUTHORIZE THE INTRODUCTION OF A NONAPPROPRIATION BILL TO AMEND THE ARKANSAS DATA CENTERS ACT OF 2023 AND TO AMEND THE UNIFORM MONEY SERVICES ACT.

2026 Fiscal Session Introduced by Ron McNair

Arkansas bill authorizes amendments to data center tax incentives and money services regulations without specifying proposed changes or requiring new appropriations.

Died in House Committee at Sine Die adjournment.
0
WeVote Research Nonpartisan
Bill Summary · HR 1011

Legislative bill overview

HR 1011 authorizes the introduction of a nonappropriation bill to amend two existing Arkansas laws: the Data Centers Act of 2023 and the Uniform Money Services Act. This is a procedural bill that grants permission to bring forward amendments to these statutes without requiring new funding allocations.

Why is this important

The bill addresses potential gaps or needed modifications in Arkansas's data center incentive program and its money services regulatory framework. Updates to these areas could affect business operations, tax incentives for technology infrastructure, and consumer protections in financial services—sectors with significant economic implications for the state.

Potential points of contention

  • Vagueness of amendments: The bill's text does not specify what changes are being proposed to either act, making it difficult for legislators and the public to evaluate the actual policy implications before voting
  • Data center incentives: Any modifications to the Data Centers Act could affect existing tax breaks or subsidy arrangements, potentially benefiting some businesses while shifting costs to other taxpayers
  • Money services regulation: Changes to the Uniform Money Services Act could impact cryptocurrency businesses, payment processors, and other financial service providers operating in Arkansas, with unclear competitive or consumer protection consequences

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

Sign in to ask a question.