AR HB1772

Reduces the sales tax early payment discount rate from 98% to 98.5% for both state taxes and city/county gross receipts taxes collected by the director.

Lowers the monthly state tax discount cap from $1,000 to $500 per month for taxpayers filing monthly reports, and reduces the per-month cap to $500 for quarterly, annual, or occasional filers.

Reduces the aggregate state tax discount limit from $1,000 to $500 per month for taxpayers operating multiple permitted business locations and for parent corporations with subsidiary operations.

Applies the $500 monthly discount limitations to city and county gross receipts taxes (previously had no limitation).

Directs resulting revenue savings toward funding the College and Career Coaches Program and additional school nurse positions, effective the first calendar quarter following enactment.