Bill > SB577

This bill requires the Arkansas Department of Finance and Administration to provide advance notification to local governments about the upcoming expiration of certain local sales and use taxes. Specifically, the bill mandates that the department must send a notification at least 120 days before a sales and use tax is set to expire to the relevant local governing body (such as a county quorum court or city governing body). The notification must include two key pieces of information: the current expiration date of the sales and use tax and the specific requirements for extending the tax under the applicable subchapter. The bill amends multiple sections of Arkansas Code related to different types of local sales and use taxes, including those for county capital improvements, community college improvements, city capital improvements, and economic development projects. By requiring this advance notice, the bill aims to help local governments be more proactive in managing and potentially renewing their sales and use tax provisions, ensuring they have sufficient time to consider and prepare for potential tax extensions.

Budget and Finance

https://arkleg.state.ar.us/Bills/Detail?id=sb577&ddBienniumSession=2025%2F2025R