(a) Need for emergency rule.

1. (1) The Tax Appeals Commission may enact an emergency rule if it finds that an imminent peril to the public health, safety, or welfare, or that compliance with a law or regulation, requires the adoption of a rule on less than thirty (30) days’ notice.
2. (2) The commission shall state in writing its reasons for that finding.

(b) Filings and effective date of emergency rule.

1. (1) The commission will follow the process required by Arkansas Code § 25-15-204 and any applicable Executive Order of the Governor to enact an emergency rule.

2. (2) After receiving approval from both the Governor and the General Assembly, an emergency rule may become effective:

   1. (A) Immediately upon filing with the Secretary of State; or
   2. (B) At a stated time less than ten (10) days after filing if the commission finds that such effective date is necessary due to imminent peril to the public health, safety, or welfare.
3. (3) The commission will take appropriate measures to notify those who may be affected by the emergency rule.