AR SB39

Amends Arkansas Code Title 26, Chapter 52, Subchapter 5 to require consumers to pay gross receipts taxes directly to the Department of Finance and Administration instead of the motorboat seller collecting the tax.

Defines "motorboat" according to § 27-101-103(5) and limits "seller" to motorboat dealers, excluding individual sellers.

Requires consumers to remit the gross receipts tax at or before the time of motorboat registration under § 27-101-304.

Imposes a 10% penalty on unpaid taxes, with buyers required to pay both the penalty and taxes before the secretary completes motorboat registration.

Takes effect on the first day of the calendar quarter following the bill's enactment date.