The bill amends Arkansas law regarding the use of dealer's extra license plates, specifically updating the definitions of authorized users and the purposes for which these plates can be used. It replaces the terms "manager, sales manager, and salesperson" with "user" and expands the list of authorized users to include owners, officers, and managers of the dealer. Additionally, the bill introduces new authorized uses for the plates, such as participation in community-related events and compliance with manufacturer agreements. It also clarifies that the dealer's extra license plates cannot be used for test drives unless an authorized individual is present in the vehicle.

Furthermore, the bill establishes penalties for misuse of dealer's extra license plates, including fines for individuals found guilty of such misuse. It allows the Secretary of the Department of Finance and Administration to suspend dealer's extra license plates for specified periods based on the severity of the misuse. The bill also outlines the process for dealers to appeal suspensions and clarifies that the use of vehicles with dealer's extra license plates does not constitute a withdrawal from stock, thus exempting them from certain taxes.