AR HB1461

Amends Arkansas Code § 14-164-329(b)(1) to clarify effective dates for local sales and use tax levies for capital improvement bonds, changing "as provided in" to "under" in subdivision reference language.

Establishes that tax rate changes from printed catalogs become effective on the first day of a calendar quarter after a minimum of 120 days' notice to sellers, allowing purchasers time to use previously published rates.

Requires local boundary changes for sales and use tax purposes to become effective on the first day of a calendar quarter after a minimum of 60 days' notice to sellers.

Amends Arkansas Code § 26-52-314(b)(3) to redefine "prepaid wireless calling service" to clarify it includes non-telecommunications services and digital products delivered electronically, sold in predetermined units or dollars where the amount declines with use.