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AR SB577
Bill
Status
4/18/2025
Primary Sponsor
Jim Petty
Click for details
AI Summary
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Department of Finance and Administration must notify local governments at least 120 days before expiration of local sales and use taxes levied for capital improvements
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Notifications must include the current expiration date of the tax and specific requirements for extending the tax
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Applies to county sales and use taxes for capital improvements, county taxes for community college capital improvements, city sales and use taxes for capital improvements, and taxes under the Local Sales and Use Tax Economic Development Project Funding Act
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County quorum courts receive notification for county-level taxes; city governing bodies receive notification for city-level taxes
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Approved April 16, 2025 as Act 720 of the Regular Session
Legislative Description
To Amend The Law Concerning Local Sales And Use Taxes; And To Require The Department Of Finance And Administration To Notify Local Governments Concerning Sales And Use Taxes That Are Set To Expire.
Last Action
Notification that SB577 is now Act 720
4/18/2025