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AR SB558
Bill
Status
3/17/2021
Primary Sponsor
Trent Garner
Click for details
AI Summary
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Imposes a 7% tax on social-media providers' gross revenue from advertising services in Arkansas, plus $1.00 per average Arkansas account holder annually.
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Applies to platforms with at least 500,000 Arkansas account holders and minimum annual gross revenue of $500,000 from social-media advertising services in Arkansas.
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Directs 10% of tax revenue to the Division of Arkansas State Police Fund for investigating and prosecuting cybercrimes against children.
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Directs 90% of tax revenue to the Arkansas Acceleration Fund for rural broadband expenses administered by the Department of Commerce.
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Becomes effective on the first day of the calendar quarter following the act's enactment.
Legislative Description
To Levy A Sales Tax On Advertising Revenue On Social-media Platforms; To Direct The Tax Revenue To Fund The Detection And Prosecution Of Cybercrimes Against Children; And To Fund The Development Of Rural Broadband.
Last Action
Sine Die adjournment
10/15/2021