Arkansas HB1970: TO AMEND THE LAW CONCERNING THE PREPAYMENT OF SALES TAX; AND TO INCREASE THE THRESHOLD FOR RETAILERS WHO ARE REQUIRED TO PREPAY SALES TAX

What the bill says

An act to be entitled an act to amend the law concerning the prepayment of sales tax; to increase the threshold for retailers who are required to prepay sales tax; and for other purposes. subtitle to amend the law concerning the prepayment of sales tax; and to increase the threshold for retailers who are required to prepay sales tax.

From the introduced text:

An Act To Be Entitled AN ACT TO AMEND THE LAW CONCERNING THE PREPAYMENT OF SALES TAX; TO INCREASE THE THRESHOLD FOR RETAILERS WHO ARE REQUIRED TO PREPAY SALES TAX; AND FOR OTHER PURPOSES. Subtitle TO AMEND THE LAW CONCERNING THE PREPAYMENT OF SALES TAX; AND TO INCREASE THE THRESHOLD FOR RETAILERS WHO ARE REQUIRED TO PREPAY SALES TAX. BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS: SECTION 1. Arkansas Code § 26-52-512(a), concerning the prepayment of sales tax by certain retailers, is amended to read as follows: (a) All retailers within the State of Arkansas registered to collect the Arkansas gross receipts tax who, on July 1, have average net sales of more than two five hundred thousand dollars ($200,000) ($500,000) per month for the preceding fiscal year that began on July 1 and ended on June shall, beginning the following January 1, make prepayment of sales tax by electronic funds transfer, as defined in § 26-19-101, according to one (1) of the following payment options: (1)(A) The taxpayer may elect to make two (2) tax payments by electronic funds transfer for each calendar month. Each payment shall be equal to forty percent (40%) of the tax due on the monthly average net sales on or before the twelfth and twenty-fourth of that month. (B) …

Read the full official text

Sponsors

• Beaty Jr., Howard (R, 95) · primary sponsor
• Ben Gilmore (R, 1)

Latest actions

1. May 5, 2025: Died in House Committee at Sine Die adjournment.
2. April 2, 2025: Read the first time, rules suspended, read the second time and referred to the Committee on REVENUE & TAXATION- HOUSE
3. April 2, 2025: Filed

Common questions

What is HB1970?

HB1970 is a bill in the Arkansas Legislature (95th General Assembly (2025 Regular)): TO AMEND THE LAW CONCERNING THE PREPAYMENT OF SALES TAX; AND TO INCREASE THE THRESHOLD FOR RETAILERS WHO ARE REQUIRED TO PREPAY SALES TAX.

What does HB1970 do?

In its own words: An act to be entitled an act to amend the law concerning the prepayment of sales tax; to increase the threshold for retailers who are required to prepay sales tax; and for other purposes. subtitle to amend the law concerning the prepayment of sales tax; and to increase the threshold for retailers who are required to prepay sales tax.

What is the status of HB1970?

Failed as of May 5, 2025. Latest action: Died in House Committee at Sine Die adjournment. (May 5, 2025).

Who sponsored HB1970?

Beaty Jr., Howard (R, 95), with 1 co-sponsor.

Where is the official record for HB1970?

On the Arkansas Legislature website: https://www.arkleg.state.ar.us/Bills/Detail?ddBienniumSession=2025%2F2025R&measureno=HB1970