AR HB1531

Amends Arkansas Code § 26-57-208(2) to establish a 50-cent maximum per cigar cap on combined excise and privilege taxes, with proportional tax rate reductions if the cap is exceeded.

Modifies § 26-57-803(b) to subject an additional 7% excise tax on tobacco products (other than cigarettes) to the 50-cent per cigar limitation.

Updates § 26-57-805(a)(1) to subject an additional 7% excise tax on first sales of tobacco products to the 50-cent per cigar limitation.

Revises § 26-57-807(a)(1) to impose a 36% excise tax on first sales of tobacco products to wholesalers or retailers, subject to the 50-cent per cigar limitation.

Takes effect on the first day of the second calendar month following the bill's enactment date.