AR HB1491

Amends Arkansas Code Title 26, Chapter 18, Subchapter 8 to add new section 26-18-813 regarding legislative approval of certain tax assessments and collections.

Prohibits the Department of Finance and Administration from assessing or collecting taxes on items or services not previously taxed unless a statutory law change requires such assessment and collection.

Requires the department to promulgate a rule under the Administrative Procedure Act when it determines a tax on an item or service is authorized by law based on the department's interpretation.

Rules must be approved by the Legislative Council or, if the General Assembly is in session, the Joint Budget Committee under § 10-3-309 before the department may assess or collect the tax.

Prevents tax assessment and collection on any item or service subject to a rule promulgated under this section until the rule receives required legislative approval.