AR HB1030

Amends Arkansas Code § 26-64-101(d)(5) regarding the wholesale sales tax calculation on motor fuel to freeze the tax rate at the previous year's level under specified conditions.

Freezes the motor fuel wholesale sales tax rate for the upcoming twelve-month period beginning October 1 if the current twelve-month average wholesale selling price is either less than the preceding year's price or exceeds the preceding year's price but remains below the highest twelve-month average price from 2018 to the calculation date.

Amends Arkansas Code § 26-64-102(d)(5) with identical provisions for distillate special fuel wholesale sales tax calculations and rate freezing.

Prevents unexpected revenue reductions by maintaining the existing tax rate rather than recalculating based on price fluctuations that fall within the specified thresholds.