AR HB1037

Amends Arkansas Code § 26-52-203 to authorize the Secretary of the Department of Finance and Administration to require delinquent sales and use tax taxpayers to post a cash deposit, bond, or security equal to the greater of $100,000 or four times the taxpayer's average monthly tax liability.

Requires that any cash deposit, bond, or security remain in place until the delinquent taxpayer demonstrates regular compliance with sales tax and compensating tax laws.

Authorizes disclosure of delinquent tax information to bonding companies that provide surety bonds, notwithstanding existing confidentiality restrictions in § 26-18-303.

Maintains the existing $50 nonrefundable fee requirement for new Arkansas gross receipts tax permits.

Deposits all fee revenues into the State Central Services Fund for use by the Revenue Division of the Department of Finance and Administration.