TO REPEAL THE LAW REQUIRING THE DEPARTMENT OF FINANCE AND ADMINISTRATION TO SUBMIT A REPORT CONCERNING THE ACTIVITIES OF THE MULTISTATE TAX COMMISSION AND ARKANSAS'S PARTICIPATION IN THE ACTIVITIES OF THE COMMISSION.

SB 381 repeals a requirement that the Arkansas Department of Finance and Administration submit an annual report detailing the state's participation in the Multistate Tax Commission's activities. The bill removes the obligation for the department to prepare and file this report with legislative leaders by September 30 each year. This change directly affects the Department of Finance and Administration by eliminating a specific reporting duty related to the Multistate Tax Commission. The bill is procedural, focusing solely on removing an existing administrative requirement without altering tax policy or creating new obligations.