SB560 - Tax Appeals Commission Act

• Creates an independent Tax Appeals Commission within Arkansas state government consisting of three commissioners appointed by the Governor and confirmed by the Senate, with at least two attorneys and one certified public accountant or tax professional.

• Establishes the Commission's authority to hear tax disputes involving most state taxes (excluding those in § 26-18-102) and to reduce, set aside, or remedy Department of Finance and Administration decisions made in bad faith or remediable under state law.

• Repeals the prior administrative hearing procedures under §§ 26-18-404 and 26-18-405, transferring jurisdiction over hearings initiated on or after July 1, 2021 from departmental hearing officers to the Tax Appeals Commission.

• Creates the Tax Appeals Commission Fund to be funded by filing fees and other revenues collected by the Commission and used for its administration, maintenance, and operation.

• Effective July 1, 2021, with the Commission to be created and initial commissioners appointed by January 1, 2021.