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Arkansas’ Enactment of Bills Brings State into SST Conformity.


SSTP

In order to bring the state into SSTP conformity by January 1, 2008, Arkansas Governor Mike Beebe signed four bills into law: a credit or rebate of overpayment of local taxes on the first $2,500 of a qualifying single transaction; an extension on the effective date of previously enacted legislation from July 1, 2007 to January 1, 2008; the enactment of the remaining SST provisions, among them including provisions regarding nexus, amnesty, and exemption certificates; and the movement of certain special excise tax provisions (rental, tourism, and other special excise taxes) into a new chapter so that these taxes do not fall under the Agreement. (S.B. 279, S.B. 280, S.B. 281, S.B. 282)

(03/06/2007)
(Archived)
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