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Daily Legislative Update: Friday, June 14, 2024

Date
Category Daily Legislative Update

SPECIAL SESSION TO CONVENE ON JUNE 17

Governor Sarah Huckabee Sanders has called an extraordinary session of the 94th General Assembly to address issues including tax reductions and funding for the Arkansas Game and Fish Commission. This session will convene on June 17, 2024, at 12:00 p.m. in Little Rock. For detailed information on the agenda, read the full call for the special session below.

Governor Sanders Calls a Special Session of the General Assembly

TO ALL TO WHOM THESE PRESENTS COME – GREETINGS: 

PROCLAMATION TO CALL A SPECIAL SESSION OF THE GENERAL ASSEMBLY ON JUNE 17, 2024, AT 12:00 P.M. 

WHEREAS: An extraordinary occasion has arisen making it necessary to convene the 94th General Assembly into extraordinary session;

WHEREAS: With the state’s financial stability, increased economic growth, healthy reserve accounts, and conservative spending policies, additional tax reductions can be enacted to provide further tax relief during this period of heightened inflation under “Bidenomics”; and

WHEREAS: There is a need to make an appropriation for expenses of the Arkansas Game and Fish Commission for the fiscal year ending June 30, 2025.

NOW, THEREFORE, I, SARAH HUCKABEE SANDERS, acting under the authority vested in me as Governor of the State of Arkansas, and pursuant to Article 6, Section 19 of the Arkansas Constitution, do hereby call an Extraordinary Session of the General Assembly to convene in Little Rock on June 17, 2024, at 12:00 p.m., and hereby specify that the General Assembly is convened in such Session to consider, and, if so advised, enact laws for the following purposes:

(1) To amend the individual income tax brackets and rates to a top tax rate of 3.9%, effective January 1, 2024, and following tax years; to amend the income tax brackets and rates for domestic and foreign corporations to a top tax rate of 4.3%, effective January 1, 2024, and following tax years; and to provide for a transfer of $290 million to the Arkansas Reserve Fund Set-Aside in the Restricted Reserve Fund, effective July 2, 2024;

(2) To increase the homestead tax credit from $425 to $500, effective for assessment years beginning on or after January 1, 2024;

(3) To make an appropriation for the budget of the Arkansas Game and Fish Commission for the fiscal year ending June 30, 2025;

(4) To confirm gubernatorial appointees as required by Arkansas Code § 10-2-113; and

(5) To provide for payment of expenses and per diem of the House of Representatives and the Senate for this Extraordinary Session.

This call is subject to amendment prior to the date and time at which the General Assembly shall convene.

IN TESTIMONY WHEREOF, I have hereunto set my hand and cause the Great Seal of the State of Arkansas to be affixed this 11th day of June, in the year of our Lord 2024.