AR HB2000

Amends Arkansas Code § 26-18-208(9)(A) to modify penalties imposed when payments for state taxes, licenses, or fees are made with insufficient funds checks or electronic presentments.

Changes penalty calculation to the greater of two options: 10% of the check/presentment face amount (capped at $50) or $20, whichever is larger.

Replaces previous penalty structure that required the director to impose a penalty of 10% of face amount not exceeding $50, or $20 whichever was greater.

Applies to all forms of payment presentment including checks, drafts, orders, electronic funds transfers, or other account information transmission methods.