AR SB212

Beginning in 2012 and every four years thereafter, counties levying advertising and promotion taxes must place a reapproval measure on the general election ballot requiring voter reapproval of the tax.

If voters do not reapprove the tax, the county must cease collection once existing indebtedness is paid or redeemed and is prohibited from incurring further indebtedness associated with the tax.

Beginning in 2012 and every four years thereafter, cities of the first class, cities of the second class, and incorporated towns levying advertising and promotion taxes must place a reapproval measure on the general election ballot.

If voters do not reapprove the tax in cities or towns, they must cease collection once existing indebtedness is paid or redeemed and are prohibited from incurring further indebtedness associated with the tax.

Any surplus revenue from these taxes after indebtedness is paid shall be transferred to the respective county or city general fund.