AN AMENDMENT TO THE ARKANSAS CONSTITUTION TO CREATE THE ARKANSAS TAXPAYER BILL OF RIGHTS.

House Joint Resolution 1005 proposes an amendment to the Arkansas Constitution to establish a "Taxpayer Bill of Rights." This proposed constitutional amendment aims to limit the annual increase in the state's net general revenue expenditures. Under the bill, as amended, the increase in these expenditures would be capped at the percentage increase in the Consumer Price Index for All Urban Consumers from the immediately preceding fiscal year. This measure, if adopted, would directly impact the state government's spending growth and could affect Arkansas taxpayers.