AR HB1547

Amends Arkansas sales and use tax laws to align with the Streamlined Sales and Use Tax Agreement, including definitions and registration requirements for four seller models (Model 1, 2, 3, and 4 sellers).

Provides liability relief for sellers when tax rate changes are enacted with less than 30 days' notice, allowing a 30-day grace period to collect at the new rate without penalty.

Extends deadlines for sellers to obtain exemption certificates from 90 to 120 days and defines "good faith" requirements for certificate validity based on statutory availability and reasonableness for the purchaser's business type.

Establishes confidentiality and privacy protections for Model 1 sellers using certified service providers, requiring limited retention of personally identifiable consumer information and allowing individuals access to their own data.

Amends payment and reporting requirements to accept timely filings when Federal Reserve Bank closures prevent electronic funds transfers, and modifies sourcing rules for direct mail and digital audio-visual/audio work subscriptions.