Arkansas SB289: TO CUT THE STATEWIDE SALES TAX RATE BY ONE-EIGHTH PERCENT TO REDUCE THE SURPLUS FUNDS COLLECTED FROM ARKANSAS TAXPAYERS

What the bill says

An act to be entitled an act to cut the statewide sales tax rate by oneeighth percent to reduce the surplus funds collected from arkansas taxpayers; to amend the sales and use tax rate; and for other purposes. subtitle to cut the statewide sales tax rate by one-eighth percent to reduce the surplus funds collected from arkansas taxpayers.

From the introduced text:

An Act To Be Entitled AN ACT TO CUT THE STATEWIDE SALES TAX RATE BY ONEEIGHTH PERCENT TO REDUCE THE SURPLUS FUNDS COLLECTED FROM ARKANSAS TAXPAYERS; TO AMEND THE SALES AND USE TAX RATE; AND FOR OTHER PURPOSES. Subtitle TO CUT THE STATEWIDE SALES TAX RATE BY ONE-EIGHTH PERCENT TO REDUCE THE SURPLUS FUNDS COLLECTED FROM ARKANSAS TAXPAYERS. BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS: SECTION 1. DO NOT CODIFY. Legislative findings. The General Assembly finds that: (1) Arkansas has the third highest combined state and local sales tax rate in the nation; (2) One (1) of the reasons Arkansas has a high sales tax rate is because the state levies more sales tax than is required to fund the Property Tax Relief Trust Fund, which has a growing balance; and (3) It is necessary to provide relief from sales tax for all Arkansans. SECTION 2. Arkansas Code § 26-52-302(c)(1), concerning the additional sales tax levied to fund property tax relief, is amended to read as follows: (c)(1) Except for food and food ingredients that are taxed under § 2652-317 and except for used motor vehicles, trailers, and semitrailers that are taxed under § 26-52-324, there is levied an additional excise tax of one- *JLL242* 02-27-2025 09:47:44 JLL242 As Engrossed: S2/27/25 SB289 half of one …

Read the full official text

Sponsors

• Jim Dotson (R, 34) · primary sponsor

Latest actions

1. May 5, 2025: Died in Senate Committee at Sine Die adjournment.
2. February 27, 2025: Re-referred to REVENUE & TAX - SENATE
3. February 27, 2025: REPORTED CORRECTLY ENGROSSED
4. February 27, 2025: Amendment # 1 read the first time, rules suspended, read the second time and adopted, ordered engrossed.
5. February 27, 2025: Withdrawn from Committee and placed on 2nd reading for purpose of amendment # 1
6. February 24, 2025: Read first time, rules suspended, read second time, referred to REVENUE & TAX - SENATE
7. February 24, 2025: Filed

Common questions

What is SB289?

SB289 is a bill in the Arkansas Legislature (95th General Assembly (2025 Regular)): TO CUT THE STATEWIDE SALES TAX RATE BY ONE-EIGHTH PERCENT TO REDUCE THE SURPLUS FUNDS COLLECTED FROM ARKANSAS TAXPAYERS.

What does SB289 do?

In its own words: An act to be entitled an act to cut the statewide sales tax rate by oneeighth percent to reduce the surplus funds collected from arkansas taxpayers; to amend the sales and use tax rate; and for other purposes. subtitle to cut the statewide sales tax rate by one-eighth percent to reduce the surplus funds collected from arkansas taxpayers.

What is the status of SB289?

Failed as of May 5, 2025. Latest action: Died in Senate Committee at Sine Die adjournment. (May 5, 2025).

Who sponsored SB289?

Jim Dotson (R, 34).

Where is the official record for SB289?

On the Arkansas Legislature website: https://www.arkleg.state.ar.us/Bills/Detail?ddBienniumSession=2025%2F2025R&measureno=SB289