Title 26 — Taxation
51 chapters · 1,912 sections in this title.
Ark. Code Ann. § 26-60-101 Definition
0.2K chars
As used in this chapter, “consideration” means the amount of full actual consideration paid or to be paid for the property conveyed, including the amount of any purchase-money encumbrance executed by the purchaser.
Ark. Code Ann. § 26-60-102 Transfers to which chapter inapplicable
4.9K chars
(1) The real property transfer tax imposed by this chapter shall not apply to a transfer of the following:(1) A transfer to or from the United States, the State of Arkansas, or any of the instrumentalities, agencies, or political subdivisions of the United States or the State of …
Ark. Code Ann. § 26-60-103 Enforcement by Secretary of the Department of Finance and Administration
0.2K chars
The enforcement of the provisions of this chapter shall be the responsibility of the Secretary of the Department of Finance and Administration under rules to be promulgated by the secretary.
Ark. Code Ann. § 26-60-104 Rules
0.3K chars
The Secretary of the Department of Finance and Administration is authorized to promulgate rules to carry out the purposes of this chapter which shall be submitted to the House Committee on City, County, and Local Affairs and the Senate Committee on City, County, and Local Affairs…
Ark. Code Ann. § 26-60-105 Levy on deeds, instruments, and writings — Additional tax
1.9K chars
(a) There is levied on each deed, instrument, or writing by which any lands, tenements, or other realty is granted, assigned, transferred, or otherwise conveyed to, or vested in, the purchaser or any other person by the purchaser's direction, when the consideration for the lands,…
Ark. Code Ann. § 26-60-106 Payment of tax
0.6K chars
(1) The tax levied by this chapter:(1) Applies at the time of transfer;(2) Shall be computed on the basis of the full consideration for the real estate transferred; and(3) Unless agreed upon otherwise, shall be paid one-half (½) by the grantor or seller and one-half (½) by the gr…
Ark. Code Ann. § 26-60-107 Real Property Transfer Tax Affidavit of Compliance form
14.9K chars
(a) (1) The Secretary of the Department of Finance and Administration shall design a “Real Property Transfer Tax Affidavit of Compliance” form.(2) (A) The form shall contain essentially the information prescribed in this section.(B) The affidavit portion of the form shall provide…
Ark. Code Ann. § 26-60-108 Real Property Transfer Tax Affidavit of Compliance form and receipt — Completion, storage, audit, etc
1.5K chars
(a) The Secretary of the Department of Finance and Administration or his or her agent before accepting payment of the real property transfer tax shall require that the affidavit portion of the Real Property Transfer Tax Affidavit of Compliance form and receipt be completed, inclu…
Ark. Code Ann. § 26-60-109 Documentary stamps or symbols
4.4K chars
(a) The Secretary of the Department of Finance and Administration shall:(1) Design documentary stamps or documentary symbols in appropriate denominations; and(2) Make the documentary stamps and documentary symbols available for purchase at offices of the Revenue Division of the D…
Ark. Code Ann. § 26-60-110 Recordation of deed
5.2K chars
(a) Before an instrument evidencing a transfer of real property is accepted by a county recorder for recordation, the grantee, buyer, or the agent of the grantee or buyer shall furnish proof of payment of tax or proof of an exemption from payment of the tax required in this chapt…
Ark. Code Ann. § 26-60-111 Filing deed in violation — False information — Penalties
2.0K chars
(a) (1) Any person filing a deed for record who knowingly, willfully, and fraudulently files the deed in violation of this chapter upon conviction thereof in addition to other penalties provided by law shall be subject to a fine of five hundred dollars ($500) or one percent (1%) …
Ark. Code Ann. § 26-60-112 Disposition of funds collected
14.7K chars
(a) The revenues from the additional tax levied by § 26-60-105(b) shall be deemed special revenues and shall be deposited and distributed according to § 15-12-103. (b) The revenues derived from the tax levied by § 26-60-105(a) shall be deposited by the Secretary of the Department…