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Bill

SB 495

TO AMEND DEFINITIONS USED UNDER THE ARKANSAS TOBACCO PRODUCTS TAX ACT OF 1977; AND TO AMEND THE DEFINITION OF "INVOICE" AND THE DEFINITION OF "INVOICE PRICE" USED UNDER THE ARKANSAS TOBACCO PRODUCTS TAX ACT OF 1977.

2025 Regular Session Introduced by Josh Bryant and 1 co-sponsor

Arkansas updates tobacco tax definitions for "invoice" and "invoice price" to modernize 1977 tax law administration and clarify tax collection procedures.

Notification that SB495 is now Act 718
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WeVote Research Nonpartisan
Bill Summary · SB 495

Legislative bill overview

SB 495 modifies how Arkansas defines key terms in its tobacco tax system, specifically updating the definitions of "invoice" and "invoice price" under the 1977 Tobacco Products Tax Act. The bill became law (Act 718) in April 2025 after passing both chambers.

Why is this important

These definitional changes affect how tobacco taxes are calculated and collected, potentially impacting tax revenue and compliance procedures for tobacco distributors and retailers. The amendments may clarify ambiguities in the existing tax structure or address accounting practices that have evolved since 1977.

Potential points of contention

  • Tax revenue implications: Changes to how invoice prices are defined could affect the tax base and state revenue collection from tobacco products
  • Industry compliance burden: Updated definitions may require tobacco distributors to modify their accounting systems and reporting procedures
  • Enforcement clarity: The amendments may create winners and losers depending on whether definitions broaden or narrow taxable transactions and values

Compiled from official sources — confirm details with the bill’s official record.

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