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Revenue & Tax - Senate

August 10, 2022 ·15 Minutes Upon Adjournment ·OSC ·6:17
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Bills discussed (1)

Bill Title Sponsor Status
HB1002 · 2 mentions in agenda, chapter
Matched: “…rt Sen. Mark Johnson REGULAR AGENDA Number Sponsor Subtitle HB1002 Jett TO REDUCE ARKANSAS INCOME TAXES; TO ADOPT FEDERAL LAW…”
TO CLARIFY THE REQUIREMENTS FOR ESTABLISHING ELIGIBILITY FOR THE PROPERTY TAX EXEMPTION FOR DISABLED VETERANS, … C. Fite WITHDRAWN BY AUTHOR

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Unknown speaker 0:14
J. Dismang to president house bill ten two. Senator Dismang members of the same bill that we passed yesterday we had a discussion on it and we have to take any questions the same we just pass from the floor. Senator Ingram you have a question. Could you find out for us in and let us know because I can't get an answer on track if we pass this are we going to hold our profound of or it's going to be business as usual we gonna meet in August and dispense money but I'm serious about it I can't get an answer I tried Robert yesterday six weighted and Paul I tried him but but if if you could just find out if this is going to impact the distribution Arkansans I think it's an important question well I mean I I think my answer that would be that's going to be a decision that we made first by the pier Committee in and second the ALC Committee I hope that we are prudent how we spend those funds and I think this will help insure knowing that we need we need to be helping as many people can't we can and having as big of impact we can with these are funds I think they'll be maybe some additional scrutiny on how we utilize those in and look forward to that. Well I mean I think you giving you probably know the answer as well as I do which is it's going to be up to the majority of the pier Committee in the majority of the LC Committee on what happens those funds may we could hold up funds for a number of different reasons France is not liking the project or thinking that project I didn't benefit people the way that it should so their number of degree of different reasons that we could not approve the expenditure of Arkansans again I hope that were prudent I'm confident that we will be and ultimately to be up to the majority your committee and then the majority of the LC. Are there other questions from the committee. Senator Johnson. Thank you Mr chairman and I want to address this to the chair and hopefully perhaps even senator Caldwell are Senator Ingram can answer. When was the last time the are put committee met. Because I think the his question may be moot if nothing comes out of that committee that affects anything does anyone have an answer Senator Dismang I do of we were waiting on the second tranche of money to come in it is come come in we have approximately nine hundred million dollars total the second tranche was right eight hundred million of we I fully anticipated a meeting in August of the all of the is you know the the committee has hired a firm that that S. to make sure that the projects that are submitted a qualified and of Senator sample was honored as well and I fully expect us to have a meeting in August two of two to start two of the get this money out we have to spend it back or designated by twenty twenty four S. B. spent by twenty twenty six and the ball I think you know the bulk of the money it yeah I think general the legislature has been for broadband and water and sewer and so those are huge projects and when you start letting those they have a lot of lead time so we can't procrastinate a lot and then bank on Congress extended the twenty twenty six deadline but I don't know how or center call will Senator sample but I have taken that we will have a meeting in office asset questions of a mystery date of. Thank you for having income Mr. That's good just questionnaires to answer to. Mr would you identify yourself and department you work for and try to answer all questions. The elements of a chief of staff of the department finance administration of it would a date has not been determined for the next or when meeting however Senator Ingram your comments are are absolutely correct we have received the second tranche of funding hi and we anticipate that in the in the near future if not in August that early September we anticipate calling a meeting of the steering committee. Johnson Leding two questions except for the fact that and my question is when was the last time they met with was in order that's correct February. Okay I. Thank you Mr chairman thank you Mr in that time we had expended all of the funds that we have available on broadband are present do what on broadband projects are present. It was no it. It was a multitude of projects we funded hospitals in. Broadband also I just wonder about water and sewer Mr chairman I know we're getting off the subject here but thank you for for let me ask a question thank you. Thank you. Members of the other questions. and I don't think we have anyone from the audience signed up so Will the committee. I have a motion do pass center Johnson second from Senator Ingram is there any disk. I mean center Carlos. Trying to get from yesterday any discussion on the motion. Seeing none all in favor say aye opposed no. Duly noted motion passes we are adjourned.
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Agenda

Call to Order

0:00

HB1002 Jett TO REDUCE ARKANSAS INCOME TAXES; TO ADOPT FEDERAL LAW ON DEPRECIATION AND EXPENSING OF PROPERTY; TO CREATE AN INCOME-TAX CREDIT FOR CERTAIN TAXPAYERS; AND TO DECLARE AN EMERGENCY.

0:11

Adjourn

Speakers