HB1002 Summary

• Requires remote sellers and marketplace facilitators to collect and remit Arkansas sales and use tax if they had aggregate sales exceeding $100,000 or 200 transactions in the previous or current calendar year.

• Defines new terms including "remote seller," "marketplace facilitator," "marketplace seller," and "referrer" to establish tax collection obligations for out-of-state sellers.

• Repeals Arkansas Code § 26-52-110 regarding affiliated persons and referral agreements for sales tax purposes.

• Specifies that sales through marketplace facilitators count toward the facilitator's sales threshold, not the marketplace seller's threshold.

• Takes effect on the first day of the calendar quarter following the bill's effective date, with no retroactive application.