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ArkansasSB22026 Fiscal SessionSenate

AN ACT FOR THE DEPARTMENT OF FINANCE AND ADMINISTRATION - ASSESSMENT COORDINATION DIVISION APPROPRIATION FOR THE 2026-2027 FISCAL YEAR.

Sponsored By: Joint Budget Committee

Enacted

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 2 benefits, 0 costs, 0 mixed.

State funding for Arkansas property reappraisals

From July 1, 2026, through June 30, 2027, the law provides $15.75 million for county and professional property reappraisal work. The division director must certify monthly funding needs, and the state’s Chief Fiscal Officer must transfer the needed money. These transfers are capped at $14.25 million: 76% comes from the school fund, 16% from county aid, and 8% from municipal aid. With that officer’s approval, the director can transfer another $1.5 million total from the division’s state fund account. This funding does not itself change household property assessments, tax bills, or eligibility for assistance.

Funding for Arkansas assessors and training

From July 1, 2026, through June 30, 2027, the law provides $3.931282 million for Arkansas’s Assessment Coordination Division. It allows up to 33 regular positions and three temporary or part-time workers, with temporary pay subject to legal limits. The operating budget includes $325,000 for Assessor’s School and $150,000 for an assessment education incentive. Separate funding provides $55,000 for division operations and $60,000 from the county assessor education fund for continuing education. With the state’s Chief Fiscal Officer’s approval, the division director can move operating-expense funding to Assessor’s School for required training. Spending must follow procurement laws, fiscal controls, and the act’s stated budget recommendations. These funds do not create household payments or change property-tax rules.

Sponsors & Cosponsors

Sponsor

  • Joint Budget Committee

    Affiliation unavailable

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 122 • No: 4

House vote • 4/23/2026

House Vote - Thursday, April 23, 2026 11:40:41 AM

Yes: 88 • No: 4 • Other: 3

Senate vote • 4/22/2026

Senate Vote - Wednesday, April 22, 2026 1:40:10 PM

Yes: 34 • No: 0

Actions Timeline

  1. Notification that SB2 is now Act 74

    4/27/2026Senate

  2. DELIVERED TO GOVERNOR.

    4/24/2026Senate

  3. Reported correctly enrolled and ordered delivered to the Governor.

    4/24/2026Senate

  4. ORDERED ENROLLED

    4/23/2026Senate

  5. Returned from the House as passed.

    4/23/2026Senate

  6. Returned to the Senate as passed.

    4/23/2026House

  7. EMERGENCY CLAUSE ADOPTED

    4/23/2026House

  8. Read the third time and passed and ordered transmitted to the Senate.

    4/23/2026House

  9. Read the first time, rules suspended, read the second time and placed on the CALENDAR.

    4/22/2026House

  10. RECEIVED FROM THE SENATE

    4/22/2026House

  11. Ordered Immediately transmitted to the House.

    4/22/2026Senate

  12. EMERGENCY CLAUSE ADOPTED

    4/22/2026Senate

  13. Read the third time and passed.

    4/22/2026Senate

  14. Returned by the Committee, with the recommendation that it Do Pass

    4/21/2026Senate

  15. Re-referred to JOINT BUDGET COMMITTEE

    4/15/2026Senate

  16. REPORTED CORRECTLY ENGROSSED

    4/15/2026Senate

  17. Amendment # 1 read the first time, rules suspended, read the second time and adopted, ordered engrossed.

    4/15/2026Senate

  18. Withdrawn from Committee and placed on 2nd reading for purpose of amendment # 1

    4/15/2026Senate

  19. Read first time, rules suspended, read second time, referred to JOINT BUDGET COMMITTEE

    4/8/2026Senate

  20. Filed

    4/1/2026Senate

Bill Text

  • SB2 - Introduced

    4/1/2026

    PDF

  • Act Version

    PDF

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