Cancellation of permit — Automatic expiration of permit

# (a)

Failure to comply with any requirement of the Arkansas Gross Receipts Act of 1941, Arkansas Code § 26-52-101 et seq., or with any provision of this part shall constitute sufficient grounds for cancellation of any permit issued under the authority of the Arkansas Code or this part.

# (b)

# (1)

The permit of any taxpayer who has filed twelve (12) consecutive monthly reports reporting zero (0) sales shall automatically expire.

# (2)

This does not apply to permits issued to taxpayers who are not primarily engaged in selling taxable goods or services.

# (3)

The Secretary of the Department of Finance and Administration shall notify the taxpayer in writing that the permit has expired.

# (4)

The taxpayer shall return the permit to the secretary within thirty (30) days of the date of the notice.

# (5)

Any taxpayer who has received notice but reasonably expects to engage in business within the twelve-month period following the notification may petition the secretary to retain the permit.

# (6)

The secretary may allow any taxpayer who demonstrates to the secretary’s satisfaction that the taxpayer will require a permit to retain the permit.