The bill aims to repeal the sunset provision of the Arkansas Medical Marijuana Special Privilege Tax Act of 2017, which is set to expire on July 1, 2025. Specifically, it deletes the section of the law that states the subchapter will expire unless extended by the General Assembly. By removing this provision, the bill seeks to ensure the continuation of the special privilege tax on medical marijuana without interruption.
Additionally, the bill includes an emergency clause, indicating that the General Assembly recognizes the necessity of maintaining the tax for the public's peace, health, and safety. This emergency declaration allows the act to take effect immediately upon approval by the Governor, or under certain conditions if the Governor does not act on the bill.