HB1027

House Bill 1027 amends existing Arkansas law regarding the levying of local gross receipts taxes on hotels, restaurants, and similar businesses. It specifically mandates that any new or increased tax of this nature, whether proposed by a county quorum court or through an initiated petition, must be submitted to the voters for approval in a special election. The bill outlines the procedural timeline for these elections and includes technical corrections to ensure clarity in the administration and collection of these taxes. It also clarifies the authority of advertising and promotion commissions to enforce these levies, including the assessment of interest and penalties for non-payment. Additionally, the bill details the legal remedies available to taxpayers who wish to contest a tax assessment, including the processes for seeking judicial relief and the conditions for filing bonds. The bill contains an emergency clause, indicating it is intended to take effect immediately upon enactment.