- (a) After the effective date of this part, bonds required by state tax laws, except bonds filed under Arkansas Statutes § 84-4721 for the purpose of seeking judicial relief from the decision establishing a tax deficiency, will not be accepted unless the bond guarantees payment of all state, county, and municipal excise taxes required to be collected by the commissioner that are levied on or arise out of the same transaction as the tax for which the bond is required during the period covered by the bond.
- (b) Provided that no audit shall be required for any tax except the specific tax for which the bond is obtained.