AR HB1044

Amends Arkansas Code § 26-18-506(d) to authorize the Secretary of Revenue to make estimated tax assessments when a taxpayer fails to keep required records or refuses to provide them upon request or court order.

Shifts burden of proof to the taxpayer to refute an estimated assessment made under the bill's provisions.

Establishes that a taxpayer cannot solely refute an estimated assessment by providing records they initially refused to provide.

Allows records provided after initial refusal to be used to determine actual tax liability or prove return accuracy, but does not eliminate the estimated assessment already imposed.