The bill aims to amend existing laws related to the Department of Finance and Administration by repealing the requirement for the department to submit an annual report concerning the activities of the Multistate Tax Commission and Arkansas's participation in those activities. Specifically, it seeks to eliminate Arkansas Code 26-5-109, which mandated the preparation of this report, detailing the commission's recommendations and any actions taken on behalf of Arkansas by department representatives.

By removing this reporting requirement, the bill intends to streamline the responsibilities of the Department of Finance and Administration, potentially reducing administrative burdens associated with compiling and submitting the report. The repeal reflects a legislative decision to discontinue oversight of the Multistate Tax Commission's activities in this manner, thereby altering the state's reporting obligations.