Arkansas SB179: TO ESTABLISH THE STRENGTHEN ARKANSAS HOMES ACT; AND TO CREATE THE STRENGTHEN ARKANSAS HOMES PROGRAM PREMIUM TAX FUND

What the bill says

An act to be entitled an act to establish the strengthen arkansas homes act; to create the strengthen arkansas homes program premium tax fund; and for other purposes. subtitle to establish the strengthen arkansas homes act; and to create the strengthen arkansas homes program premium tax fund.

From the introduced text:

An Act To Be Entitled AN ACT TO ESTABLISH THE STRENGTHEN ARKANSAS HOMES ACT; TO CREATE THE STRENGTHEN ARKANSAS HOMES PROGRAM PREMIUM TAX FUND; AND FOR OTHER PURPOSES. Subtitle TO ESTABLISH THE STRENGTHEN ARKANSAS HOMES ACT; AND TO CREATE THE STRENGTHEN ARKANSAS HOMES PROGRAM PREMIUM TAX FUND. BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS: SECTION 1. Arkansas Code § 19-6-301, concerning special revenues enumerated, is amended to add an additional subdivision to read as follows: (276) Those insurance premium taxes as specified in § 26-57-610. SECTION 2. Arkansas Code Title 19, Chapter 6, Subchapter 8, is amended to add an additional section to read as follows: 19-6-845. Strengthen Arkansas Homes Program Premium Tax Fund. (a) There is created on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a special revenue fund to be known as the "Strengthen Arkansas Homes Program Premium Tax Fund". (b) The fund shall consist of those special revenues as specified in § 19-6-301(276), there to be used for the Strengthen Arkansas Homes Program as set out in § 23-88-601 et seq. (c)(1) The fund shall be administered by and disbursed at the direction of the Insurance Commissioner. (2) Moneys shall not be appropriated from the fund for any *ANS142* 02-10-2025 …

Read the full official text

Sponsors

• Justin Boyd (R, 27) · primary sponsor
• Lee Johnson (R, 47)

Latest actions

1. May 5, 2025: Sine Die adjournment
2. March 5, 2025: Withdrawn by author.
3. March 5, 2025: Withdrawn from Committee and placed on calendar.
4. February 10, 2025: Re-referred to INSURANCE & COMMERCE - SENATE
5. February 10, 2025: REPORTED CORRECTLY ENGROSSED
6. February 10, 2025: Amendment # 1 read the first time, rules suspended, read the second time and adopted, ordered engrossed.
7. February 10, 2025: Withdrawn from Committee and placed on 2nd reading for purpose of amendment # 1
8. February 3, 2025: Read first time, rules suspended, read second time, referred to INSURANCE & COMMERCE - SENATE
9. February 3, 2025: Filed

Common questions

What is SB179?

SB179 is a bill in the Arkansas Legislature (95th General Assembly (2025 Regular)): TO ESTABLISH THE STRENGTHEN ARKANSAS HOMES ACT; AND TO CREATE THE STRENGTHEN ARKANSAS HOMES PROGRAM PREMIUM TAX FUND.

What does SB179 do?

In its own words: An act to be entitled an act to establish the strengthen arkansas homes act; to create the strengthen arkansas homes program premium tax fund; and for other purposes. subtitle to establish the strengthen arkansas homes act; and to create the strengthen arkansas homes program premium tax fund.

What is the status of SB179?

Failed as of May 5, 2025. Latest action: Sine Die adjournment (May 5, 2025).

Who sponsored SB179?

Justin Boyd (R, 27), with 1 co-sponsor.

Where is the official record for SB179?

On the Arkansas Legislature website: https://www.arkleg.state.ar.us/Bills/Detail?ddBienniumSession=2025%2F2025R&measureno=SB179