AR HB1321

Amends Arkansas Code § 26-52-110(a) and (b) to correct references and remove the unused definition of "Facilitator" from sales tax provisions regarding sellers and affiliated persons

Retains definitions for "Affiliated person" (members of same controlled group of corporations or entities with same ownership relationship) and "Controlled group of corporations" (defined per 26 U.S.C. § 1563(a) as of January 1, 2011)

Maintains five conditions under which a seller is presumed engaged in business in Arkansas if an affiliated person is subject to state sales and use tax jurisdiction, including similar product lines, shared business names, in-state promotional activities, shared trademarks, and maintenance services

Establishes legislative intent that this act makes only technical, not substantive, changes to the Arkansas Code and shall not repeal acts from the 91st General Assembly's regular session

Bill approved February 21, 2017