The Arkansas Tax Increase Clause, also known as Amendment 92 to the Arkansas Constitution, is a significant provision that restricts tax increases in the state. This clause was added as a result of a voter-approved amendment in 1934 and has remained an integral part of Arkansas' tax policy ever since. Under the Arkansas Tax Increase Clause, any proposal to increase taxes in the state must achieve a three-fifths majority vote in both the Arkansas House of Representatives and the Arkansas Senate. This requirement ensures that tax increases are not easily implemented, emphasizing the importance of fiscal responsibility and the need for a broad consensus among legislators before imposing additional tax burdens on Arkansans. The purpose of the Arkansas Tax Increase Clause is to protect taxpayers from hasty or excessive taxation and to encourage careful consideration of potential tax increases. By setting a higher threshold for passing tax increases, the clause aims to ensure that any tax changes are thoroughly debated and justified, preventing lawmakers from imposing arbitrary or unnecessary tax burdens on individuals and businesses. It is worth noting that while the Arkansas Tax Increase Clause applies to most tax proposals, there are exceptions for certain revenues, such as those generated from gasoline taxes, gross receipts taxes, and motor vehicle license fees. These exceptions recognize the necessity of funding infrastructure and transportation projects, allowing for more flexibility in these specific tax categories. Overall, the Arkansas Tax Increase Clause serves as a safeguard against unchecked tax hikes and promotes responsible fiscal decision-making. Its implementation encourages legislators to prioritize the well-being of taxpayers while emphasizing the importance of thorough debate and consensus-building before any tax increases can be enacted. In conclusion, the Arkansas Tax Increase Clause, established through Amendment 92, is a vital constitutional provision in Arkansas that sets a higher voting threshold for tax increases. It ensures that tax changes are carefully considered, preventing arbitrary or excessive taxation. By requiring a three-fifths majority vote in both chambers, Arkansas aims to maintain fiscal responsibility and protect taxpayers' interests.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.