This bill amends existing laws regarding local sales and use taxes in Arkansas by requiring the Department of Finance and Administration to notify local governments about impending expirations of these taxes. Specifically, it mandates that at least 120 days before a sales and use tax is set to expire, the Department must inform the relevant county quorum court or city governing body. The notification must include the current expiration date of the tax and the specific requirements for extending it.

The bill introduces new legal language across multiple sections of the Arkansas Code, including provisions for counties and cities that levy sales and use taxes for capital improvements. Each section outlines the notification process and the information that must be provided, ensuring that local governments are adequately informed and can take necessary actions to extend the taxes if desired.

Statutes affected:
SB 577: 26-74-208(b), 26-74-308(b), 26-74-603(c), 26-75-208(b), 26-75-308(c), 26-82-104(b)