SB256 Summary

• Removes obsolete language from Arkansas tax code regarding cigarette tax stamp commission and corrections to veteran tax overpayment claim procedures under federal retirement pay reduction statutes

• Clarifies standard of proof for tax exemptions, deductions, and credits as "clear and convincing evidence" and reorganizes "claimant agency" definitions related to tax setoff procedures, adding the Internal Revenue Service as a claimant agency

• Simplifies language in gross receipts and compensating use tax provisions regarding prepared food definitions, natural gas and electricity tax rates for manufacturers, and medical equipment exemptions

• Removes obsolete cigarette stamp deputies statute (§ 26-57-236) and corrects multiple references throughout tobacco tax and severance tax sections to clarify which state officials hold authority

• Makes stylistic corrections throughout Title 26, including changes to references involving the Arkansas Museum of Natural Resources Fund and clarification of vehicle registration tax payment procedures