The bill mandates the electronic filing of certain sales and use tax returns for taxpayers with an average monthly gross receipts tax liability of $5,000 or more, effective for tax years beginning on or after January 1, 2024. Specifically, it amends Arkansas Code 26-52-501 to require these taxpayers to file all returns and remittances electronically. Additionally, the bill allows the secretary to waive the electronic filing requirement if it would impose an undue hardship on the taxpayer. Similar provisions are established for compensating use tax returns under Arkansas Code 26-53-125.

Furthermore, the bill includes a provision that the secretary may set separate filing requirements for taxpayers whose principal business does not involve retail sales of tangible personal property or taxable services. The effective date for these changes is also specified as January 1, 2024. Overall, the bill aims to streamline the tax filing process while providing flexibility for taxpayers facing difficulties with electronic submissions.

Statutes affected:
HB 1379: 26-52-501, 26-53-125
Act 192: 26-52-501, 26-53-125