ArkansasArkansas sets aside money for Commerce programs in 2026–27
For the year ending June 30, 2027, Arkansas sets aside money for Commerce staff, community grants, disaster recovery, and business incentives.
What it does
For the year ending June 30, 2027, the law sets aside money for Commerce staff, daily operations, and programs such as business development and rural grants.
The law sets aside money for community and disaster recovery, technology programs, and business incentives. Payroll rebates are for companies that meet stated hiring and employment conditions.
Argument forFunding for disaster recovery and business incentives could help communities rebuild and companies hire, though payroll rebates depend on meeting employment conditions.
Argument againstSetting amounts for Commerce staff and programs may leave the department less room to use those funds for other needs during the year.
More detail
The law sets aside money for the Department of Commerce's staff, daily work, and programs. The listed amounts cover Commerce and its named divisions, including shared services, economic development, rural services, and science and technology. Spending is limited to the listed amounts and to funds made available by law. The listed appropriations apply to the fiscal year ending June 30, 2027.
The law sets aside money for community grants, disaster recovery, technology programs, and business incentives. These appropriations include federal community and disaster recovery grants, technology grants and investments, and incentives for businesses. The money comes from the funds named in the act and must be used for the listed purposes. Payroll rebates are for companies that locate or expand a facility in Arkansas and hire and maintain specified employment levels. These appropriations apply to the fiscal year ending June 30, 2027.
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Where it stands
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Apr 29Notification that SB8 is now Act 129Became Law
- Apr 28DELIVERED TO GOVERNOR.To Governor
- Apr 28Reported correctly enrolled and ordered delivered to the Governor.
- Apr 27ORDERED ENROLLED
- Apr 27Returned from the House as passed.
- Apr 27Returned to the Senate as passed.
- Apr 27EMERGENCY CLAUSE ADOPTED
- Apr 27Read the third time and passed and ordered transmitted to the Senate.Passed House
- Apr 23Read the first time, rules suspended, read the second time and placed on the CALENDAR.Minor
- Apr 23RECEIVED FROM THE SENATE
- Apr 23Ordered Immediately transmitted to the House.
- Apr 23EMERGENCY CLAUSE ADOPTED
- Apr 23Read the third time and passed.Passed Senate
- Apr 23Rules suspended.
- Apr 23Returned by the Committee, with the recommendation that it Do PassMinor
- Apr 8Read first time, rules suspended, read second time, referred to JOINT BUDGET COMMITTEEMinor
- Apr 1FiledIntroduced
Taxes & BudgetEconomy & Jobs