The proposed bill aims to amend Arkansas Code 26-52-203 by prohibiting the Department of Finance and Administration from charging a fee for obtaining a sales tax permit. Specifically, it removes the requirement for a nonrefundable fee of fifty dollars ($50.00) that was previously mandated prior to the issuance of a new Arkansas gross receipts tax permit. The bill stipulates that the Secretary of the Department shall not require payment of a fee as a condition for issuing any new permit.

Additionally, while the bill eliminates the fee requirement, it maintains the provision that individuals or businesses without a permanent domicile in Arkansas must still make a sufficient cash deposit or bond to cover their annual sales tax before conducting business in the state. The revenues derived from these deposits or bonds will continue to be deposited into the State Treasury as nonrevenue receipts for the use of the Revenue Division of the Department of Finance and Administration.