SB7
To Allow Members Of The General Assembly To Request A Sales And Use Tax Report From The Department Of Finance And Administration.
Last Action (May 5, 2025): Died in Senate Committee at Sine Die adjournment.
Sponsors
AI-Generated Summary
Senate Bill 7 amends existing Arkansas law regarding sales and use tax reports provided by the Department of Finance and Administration. The bill expands the current authorization, which only allows the chief executive officers of counties, cities, or towns to request reports on businesses remitting sales and use taxes within their jurisdictions. Under the proposed changes, members of the Arkansas General Assembly are also granted the authority to request these reports from the Department of Finance and Administration. The department is required to fulfill such requests within thirty calendar days. The bill limits these requests to no more than once per quarter.
Potential Impact Analysis
Who Might Benefit?
The primary beneficiaries are members of the Arkansas General Assembly, who gain increased access to tax data to inform legislative oversight or policy development. Local government officials may also benefit from improved access to regional economic data provided through their legislative representatives.
Who Might Suffer?
Businesses whose sales and use tax remittance data becomes accessible to state legislators may experience a loss of privacy regarding their financial operations. The Department of Finance and Administration may experience a negative impact in the form of increased administrative burden and labor costs required to process and fulfill these additional reporting requests within the mandated thirty-day timeframe.
Get Notified
Receive an email when this bill's status changes.