Title 26 — Taxation
51 chapters · 1,912 sections in this title.
Ark. Code Ann. § 26-78-101 Construction
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This chapter shall be liberally construed to accomplish this chapter's purposes.
Ark. Code Ann. § 26-78-102 Authority to levy vehicle tax
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(a) In addition to such taxes as are levied by the State of Arkansas for the privilege of using and operating motor vehicles on the public roads and highways of this state, the counties of the state and municipalities therein under the conditions set forth in this chapter are aut…
Ark. Code Ann. § 26-78-103 Procedure for levying
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(a) (1) The counties of the state shall have the first opportunity to levy the County and Municipality Vehicle Tax.(2) (A) Any levy by a county may be upon owners residing everywhere in the county or only upon owners residing within the county but outside the corporate boundaries…
Ark. Code Ann. § 26-78-104 Classification of vehicles — Maximum tax
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(a) The resolution of the county quorum court or of the governing body of a municipality, as the case may be, may contain a classification of vehicles by types and the rate of the County and Municipality Vehicle Tax levy, stated in dollars and cents, to be collected from the owne…
Ark. Code Ann. § 26-78-105 Payment of tax — Penalty
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(a) (1) The County and Municipality Vehicle Tax shall be due and payable, without penalty, during the month of January of the calendar year next following the year in which the levy is made.(2) Penalty for delinquent payment of the vehicle tax shall be one dollar ($1.00) per vehi…
Ark. Code Ann. § 26-78-106 Collection of tax — Receipts
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(a) The County and Municipality Vehicle Tax in the case of a levy by the county shall be collected by the county collector and may be collected at the time personal property taxes of the county are due on personal property of the taxpayer, or may be collected at any time the quor…
Ark. Code Ann. § 26-78-107 Disposition of revenues
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(a) For the purpose of segregating and keeping apart the revenues derived from the County and Municipality Vehicle Tax from the other revenues of the county or the municipality, as the case may be, there shall be established a separate account, styled “ County Vehicle Tax Account…
Ark. Code Ann. § 26-78-108 Disbursement of revenues
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(a) In the case of the County and Municipality Vehicle Tax, the county treasurer not later than the tenth day next following the end of each calendar month shall distribute the revenues so received by the county treasurer as follows:(1) Each municipality shall receive by deposit …
Ark. Code Ann. § 26-78-109 Additional uses of revenues authorized
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(a) Any county or municipality levying the County and Municipality Vehicle Tax as authorized in this chapter, in addition to the uses authorized in this chapter, may use revenues derived from the tax for the purpose of providing ambulance services in the county or municipality, f…
Ark. Code Ann. § 26-78-110 Authority to issue revenue bonds by counties and municipalities
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(a) Counties and municipalities are authorized to issue revenue bonds and to use the proceeds thereof either alone or together with other available funds and revenues for, in the case of the counties, the construction and reconstruction of roads, bridges, and other public ways in…
Ark. Code Ann. § 26-78-111 Election required
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(a) Revenue bonds may be issued only with the approval of a majority of the qualified electors of the municipality or county voting at an election called for that purpose. (b) An election on the question of issuing revenue bonds shall be held at such time as the governing body of…
Ark. Code Ann. § 26-78-112 Nature of bonds
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(a) As the county court in the case of bonds issued by a county, and the governing body of the municipality in the case of bonds issued by a municipality, shall determine, the bonds may:(1) Be coupon bonds, payable to bearer, or may be made registrable as to principal only with i…
Ark. Code Ann. § 26-78-113 Issuance of bonds
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(a) The bonds may be issued in one (1) or more series, and there may be successive bond issues for the purpose of accomplishing the authorized purposes, subject however, to the provisions and restrictions set forth in the authorizing order or ordinance, as the case may be, contro…
Ark. Code Ann. § 26-78-114 Sale of bonds
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(a) All bonds issued under this chapter may be sold for such price, including, without limitation, sale without discount, and in such manner as the county or municipality may determine, but in no event shall the county or the municipality be required to pay more than four and one…
Ark. Code Ann. § 26-78-115 Execution of bonds
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(a) Bonds shall be executed by the manual or facsimile signature of the county judge and by the manual signature of the county clerk in the case of county bonds and by the manual or facsimile signature of the mayor and the manual signature of the clerk or recorder in the case of …
Ark. Code Ann. § 26-78-116 Obligation of bonds — Payment
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(a) Revenue bonds issued under this chapter shall not be general obligations of the county or of the municipality but shall be special obligations, and in no event shall the revenue bonds issued under this chapter constitute an indebtedness of the county or the municipality withi…
Ark. Code Ann. § 26-78-117 Issuance of refunding bonds
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(a) Revenue bonds may be issued for the purpose of refunding any obligations issued under this chapter. The refunding bonds may be combined into a single issue with bonds issued under the provisions of this chapter for the purpose of providing funds for financing additional const…
Ark. Code Ann. § 26-78-118 Bonds — Tax exemption
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Interest on all bonds issued under this chapter shall be exempt from state income taxes, and the principal thereof shall be exempt from state inheritance and estate taxes.
Ark. Code Ann. § 26-78-119 Legal investments
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Bonds issued under this chapter shall be eligible to secure deposits of all public funds and shall be legal for the investment of bank, fiduciary, insurance company, and trust funds.
Ark. Code Ann. § 26-78-120 Authority to levy a tax to finance or support a regional mobility authority
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(a) (1) In addition to all other taxes imposed under this chapter for the privilege of using and operating vehicles, a county that is a member of a regional mobility authority may impose an additional tax upon the owner of a motor vehicle for the privilege of operating the motor …