AR HB1868

Requires the Department of Finance and Administration to disclose monthly electronic reports to cities and counties showing gross receipts and compensating and use tax revenues generated within their boundaries

Electronic reports must include the total number of gross receipts tax permit holders, tax revenue amounts broken down by North American Industry Classification System four-digit code, and the total number of permit holders for each code

Cities and counties may request reports at any time by submitting an electronic request through an official account with the Arkansas Taxpayer Access Point or its successor

Department must provide requested information within 30 days and is prohibited from discussing report details with city or county representatives or third parties

Information received by political subdivisions remains confidential and is exempt from the Freedom of Information Act of 1967, effective January 1, 2022