By Michael R. Wickline
This article was published today at 4:30 a.m.
Measure targets out-of-state firms’ sales data
The state House tax committee balked Tuesday at recommending legislation that would require out-of-state companies to collect taxes on their sales to Arkansans and pay the money to the state.
Senate Bill 140 by Sen. Jake Files, R-Fort Smith, also would require out-of-state companies that don’t collect and remit sales and use taxes on their sales to Arkansans to report each year to the state Department of Finance and Administration the name and address of each Arkansan who purchased items from the companies and how much the company was paid in total by each Arkansan. The legislation is aimed at persuading these companies to collect taxes.
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