TO PROTECT ARKANSAS TAXPAYERS FROM A TAX TO COLLECT TAXES.

HB 1203 aimed to eliminate a specific fee for businesses in Arkansas applying for a new sales tax permit. The bill would have prohibited the Secretary of the Department of Finance and Administration from charging a $50 nonrefundable fee that was previously required to issue a new gross receipts tax permit. While removing this application fee, the bill maintained the existing requirement for out-of-state businesses to provide a cash deposit or bond to cover their annual sales tax.