This bill proposes a supplemental appropriation for the Office of the Treasurer of State to refund local sales and use taxes to cities and counties in Arkansas. Specifically, it allocates $100 million for city refunds and $90 million for county refunds, both for the fiscal year 2023-2024. These funds are intended to supplement those previously appropriated in Act 65 of 2023, ensuring that local governments receive their fair share of tax refunds as assessed under the relevant Arkansas codes.

Additionally, the bill includes an emergency clause, stating that due to unforeseen circumstances, the funds provided are insufficient for the Office of the Treasurer to continue essential governmental services. The emergency declaration emphasizes the need for immediate action to prevent harm to the administration of essential programs. The bill will take effect immediately upon passage and approval, or if vetoed, upon the override of such a veto.