- (a) If a distributor fails to file an excise tax report required under Acts 2007, No. 388, the Department of Finance and Administration shall make an excise tax assessment for the period or periods for which the distributor failed to report.
- (b) The estimated assessment shall be based on the best information available to the department.
- (c) On the basis of the department’s estimate, the department shall compute and determine the amount of excise tax required to be paid along with applicable interest and penalties under the Arkansas Tax Procedure Act, Arkansas Code § 28-18-101 et seq.