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 notifications be sent at least 120 days before the expiration date of any sales and use tax levied under various subchapters. The notifications must include the current expiration date of the tax and the specific requirements for extending the tax.

The bill introduces new legal language into multiple sections of the Arkansas Code, including provisions for county and city sales and use taxes for capital improvements, as well as taxes related to community colleges and economic development projects. Each section outlines the notification process and the information that must be provided to ensure local governments are adequately informed about the status of their sales and use taxes.

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)
Act 720: 26-74-208(b), 26-74-308(b), 26-74-603(c), 26-75-208(b), 26-75-308(c), 26-82-104(b)