Arkansas 2025 Regular Session

Arkansas Senate Bill SB577 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
1	1		Stricken language would be deleted from and underlined language would be added to present law.
2		-	Act 720 of the Regular Session
3	2		JLL324 03/31/2025 9:03:00 AM JLL324
4	3		State of Arkansas 1
5	4		95th General Assembly A Bill 2
6	5		Regular Session, 2025 SENATE BILL 577 3
7	6		4
8	7		By: Senator J. Petty 5
9	8		By: Representatives Hall, Puryear 6
10	9		7
11	10		For An Act To Be Entitled 8
12	11		AN ACT TO AMEND THE LAW CONCERNING LOCAL SALES AND 9
13	12		USE TAXES; TO REQUIRE THE DEPARTMENT OF FINANCE AND 10
14	13		ADMINISTRATION TO NOTIFY LOCAL GOVERNMENTS CONCERNING 11
15	14		SALES AND USE TAXES THAT ARE SET TO EXPIRE; AND FOR 12
16	15		OTHER PURPOSES. 13
17	16		14
18	17		15
19	18		Subtitle 16
20	19		TO AMEND THE LAW CONCERNING LOCAL SALES 17
21	20		AND USE TAXES; AND TO REQUIRE THE 18
22	21		DEPARTMENT OF FINANCE AND ADMINISTRATION 19
23	22		TO NOTIFY LOCAL GOVERNMENTS CONCERNING 20
24	23		SALES AND USE TAXES THAT ARE SET TO 21
25	24		EXPIRE. 22
26	25		23
27	26		BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS: 24
28	27		25
29	28		SECTION 1. Arkansas Code § 26-74-208(b)(3)(D), concerning the form of 26
30	29		the ballot for levying a county sales and use tax for capital improvements, 27
31	30		is amended to add an additional subdivision to read as follows: 28
32	31		(iii)(a) At least one hundred twenty (120) days 29
33	32		before the expiration of a sales and use tax levied under this subchapter, 30
34	33		the Department of Finance and Administration shall notify the county quorum 31
35	34		court of the county that levied the tax concerning the expiration of the 32
36	35		sales and use tax. 33
37	36		(b) The notification required under 34
38	37		subdivision (b)(3)(D)(iii)(a) of this section shall state the: 35
39	38		(1) Current expiration date of the sales 36 SB577
40	39
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42	41		and use tax; and 1
43	42		(2) Specific requirements under this 2
44	43		subchapter for extending the sales and use tax. 3
45	44		4
46	45		SECTION 2. Arkansas Code § 26 -74-308(b)(3)(D), concerning the form of 5
47	46		the ballot for levying a county sales and use tax for capital improvements, 6
48	47		is amended to add an additional subdivision to read as follows: 7
49	48		(iii)(a) At least one hundred twenty (120) days 8
50	49		before the expiration of a sales and use tax levied under this subchapter, 9
51	50		the Department of Finance and Administration shall notify the county quorum 10
52	51		court of the county that levied the tax concerning the expiration of the 11
53	52		sales and use tax. 12
54	53		(b) The notification required under 13
55	54		subdivision (b)(3)(D)(iii)(a) of this section shall state the: 14
56	55		(1) Current expiration date of the sales 15
57	56		and use tax; and 16
58	57		(2) Specific requirements under this 17
59	58		subchapter for extending the sales and use tax. 18
60	59		19
61	60		SECTION 3. Arkansas Code § 26 -74-603(c), concerning the call for a tax 20
62	61		election for a county sales and use tax for capital improvements of a 21
63	62		community college, is amended to add an additional subdivision to read as 22
64	63		follows: 23
65	64		(5)(A) At least one hundred twenty (120) days before the 24
66	65		expiration of a sales and use tax levied under this subchapter, the 25
67	66		Department of Finance and Administration shall notify the county quorum court 26
68	67		of the county that levied the tax concerning the expiration of the sales and 27
69	68		use tax. 28
70	69		(B) The notification required under subdivision (c)(5)(A) 29
71	70		of this section shall state the: 30
72	71		(i) Current expiration date of the sales and use 31
73	72		tax; and 32
74	73		(ii) Specific requirements under this subchapter for 33
75	74		extending the sales and use tax. 34
76	75		35
77	76		SECTION 4. Arkansas Code § 26 -75-208(b)(3)(D), concerning the election 36 SB577
78	77
79	78		3 03/31/2025 9:03:00 AM JLL324
80	79		required for levying a city sales and use tax for capital improvements, is 1
81	80		amended to add an additional subdivision to read as follows: 2
82	81		(iii)(a) At least one hundred twenty (120) days 3
83	82		before the expiration of a sales and use tax levied under this subchapter, 4
84	83		the Department of Finance and Administration shall notify the governing body 5
85	84		of the city that levied the sales and use tax concerning the expiration of 6
86	85		the sales and use tax. 7
87	86		(b) The notification required under 8
88	87		subdivision (b)(3)(D)(iii)(a) of this section shall state the: 9
89	88		(1) Current expiration date of the sales 10
90	89		and use tax; and 11
91	90		(2) Specific requirements under this 12
92	91		subchapter for extending the sales and use tax. 13
93	92		14
94	93		SECTION 5. Arkansas Code § 26-75-308(c)(3)(D), concerning the election 15
95	94		to approve a city sales and use tax for capital improvements, is amended to 16
96	95		add an additional subdivision to read as follows: 17
97	96		(iii)(a) At least one hundred twenty (120) days 18
98	97		before the expiration of a sales and use tax levied under this subchapter, 19
99	98		the Department of Finance and Administration shall notify the governing body 20
100	99		of the city that levied the sales and use tax concerning the expiration of 21
101	100		the sales and use tax. 22
102	101		(b) The notification required under 23
103	102		subdivision (c)(3)(D)(iii)(a) of this section shall state the: 24
104	103		(1) Current expiration date of the sales 25
105	104		and use tax; and 26
106	105		(2) Specific requirements under this 27
107	106		subchapter for extending the sales and use tax. 28
108	107		29
109	108		SECTION 6. Arkansas Code § 26 -82-104(b)(3)(D), concerning the election 30
110	109		on the levy of a sales and use tax under the Local Sales and Use Tax Economic 31
111	110		Development Project Funding Act, is amended to add an additional subdivision 32
112	111		to read as follows: 33
113	112		(iii)(a) At least one hundred twenty (120) days 34
114	113		before the expiration of a sales and use tax levied under this subchapter, 35
115	114		the Department of Finance and Administration shall notify the levying entity 36 SB577
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118	117		concerning the expiration of the sales and use tax. 1
119	118		(b) The notification required under 2
120	119		subdivision (b)(3)(D)(iii)(a) of this section shall state the: 3
121	120		(1) Current expiration date of the sales 4
122	121		and use tax; and 5
123	122		(2) Specific requirements under this 6
124	123		subchapter for extending the sales and use tax. 7
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