AR SB695

Amends notice requirements for tax assessments to clarify that service of notice by mail is presumptively complete upon mailing, allowing the Secretary to take permitted actions under state tax law.

Requires proposed assessment notices to explain the basis for the assessment, show all calculations used to arrive at it, and include all documents, facts, and evidence supporting the proposed assessment.

Establishes that taxpayers need not protest a proposed assessment to later exercise the right to seek judicial review of the assessment.

Requires proposed assessments or refund denials of at least $5,000 to be sent by registered mail, with the protest period beginning on the day the taxpayer signed for or refused the registered mail.

Specifies that all final assessment notices under Arkansas Code § 26-18-401 shall be sent by regular mail.