Arkansas Cost-of-Living Relief and Price Transparency Act

Status: HopperState: ArkansasIssue: Inflation

Summary

This bill gives temporary cost-of-living relief in Arkansas by cutting the state sales tax on groceries by 1 percentage point for 12 months and reducing passenger vehicle registration fees by 15 percent. It also increases utility rate scrutiny and creates grocery price transparency and consumer complaint reporting using existing enforcement authority and available appropriations.

Full text

Be it enacted by the State of Arkansas that, for a period of twelve months beginning July 1 following enactment, the state sales tax on groceries shall be reduced by 1 percentage point, annual passenger vehicle registration fees shall be reduced by 15 percent, and the Public Service Commission, in coordination with the Attorney General, shall conduct enhanced review of regulated utility rate adjustments and require clear public reporting on fuel, supply, and other inflation-related cost pass-throughs; the Attorney General shall also establish a grocery price transparency and consumer complaint process to identify unlawful or deceptive pricing practices, with implementation subject to available appropriations and existing enforcement authority.

Sponsor

Eli McGrathRepublican Party

Cosponsors

Maya CastilloRepublican Party

Voting

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