This bill aims to prohibit the Secretary of the Department of Finance and Administration from charging a fee for obtaining a sales tax permit in Arkansas. Specifically, it amends Arkansas Code 26-52-203 to eliminate the requirement for a nonrefundable fee of fifty dollars ($50.00) that was previously mandated for new applications for a gross receipts tax permit. The new language states that the Secretary shall not require any fee as a condition for issuing a permit.

Additionally, the bill maintains the requirement for individuals or businesses without a permanent domicile in Arkansas to make a sufficient cash deposit or bond to cover their annual sales tax before conducting business in the state. The funds received from this deposit or bond will be deposited into the State Treasury as nonrevenue receipts, credited to the State Central Services Fund for use by the Revenue Division of the Department of Finance and Administration.