AR HB1986

Allows a city to collect advertising and promotion taxes directly without creating a commission if the city chooses not to establish one, with tax collected by the city in the same manner as under the Arkansas Gross Receipts Act of 1941.

Permits a municipality to forego creating an advertising and promotion commission if electors levy a gross receipts tax and dedicate the tax as specified in § 26-75-604(b).

Extends tax administration authority to either a commission or the city itself, including power to adopt ordinances for assessing penalties, enforcing collection, conducting administrative hearings, and issuing certificates of indebtedness.

Clarifies that the Department of Finance and Administration has no authority to enforce or collect taxes levied under this provision, keeping enforcement exclusively with the commission or city.

Establishes exclusive judicial relief procedures allowing taxpayers to challenge tax assessments either by paying under protest or filing a bond, with injunctions prohibited against tax assessment or collection proceedings.