Arkansas Governor Riley signed the state’s SST conformity legislation, which will become effective January 1, 2008. Additionally, in response to the Agreement’s ban on states imposing tax caps, Arkansas will enact a rebate or credit for local taxes paid in excess of the tax due on the first $2,500. Arkansas is expected to petition for full membership at the September Governing Board meeting. (S.B. 279, 280, 281, and 282, February 26, 2007)