The bill amends existing law by repealing the requirement for the Department of Finance and Administration to submit an annual report regarding the activities of the Multistate Tax Commission and Arkansas's involvement in those activities. Specifically, it eliminates Arkansas Code 26-5-109, which mandated the preparation of a detailed report that included the commission's recommendations and any actions taken on behalf of Arkansas by department representatives.

By removing this reporting obligation, the bill aims to streamline the responsibilities of the Department of Finance and Administration, potentially reducing administrative burdens associated with compiling and submitting the report. The repeal signifies a shift in how the state engages with the Multistate Tax Commission, possibly indicating a change in priorities or a reassessment of the value of such reports.