Title 26 — Taxation
51 chapters · 1,912 sections in this title.
Ark. Code Ann. § 26-58-121 Information provided to Arkansas Forestry Commission
0.3K chars
The Secretary of the Department of Finance and Administration is directed to release any and all information requested by the Arkansas Forestry Commission which is related to the collection of timber severance taxes. This information shall include, but not be limited to, names, a…
Ark. Code Ann. § 26-58-122 Procedures followed upon failure to pay severance taxes due the Arkansas Forestry Commission
2.8K chars
(a) (1) In the event that the Arkansas Forestry Commission determines that any individual or corporation has failed to pay all severance taxes due to the commission, the commission shall certify the commission's findings to the Revenue Division of the Department of Finance and Ad…
Ark. Code Ann. § 26-58-123 Lien for taxes, penalties, and costs upon natural resources and equipment
0.3K chars
The State of Arkansas shall have a lien for the taxes, penalties, and costs imposed by this subchapter upon any and all natural resources and timber severed from the soil or water and also upon any wells, machinery, tools, and implements used in severing such resources, and upon …
Ark. Code Ann. § 26-58-124 Distribution of severance tax generally
30.8K chars
(a) All taxes, penalties, and costs collected by the Secretary of the Department of Finance and Administration under the provisions of this subchapter, except for the taxes, penalties, and costs collected on natural gas and salt water, shall be deposited into the State Treasury t…
Ark. Code Ann. § 26-58-125 Disposition of part of severance tax on salt water
0.3K chars
Of the fee levied per one thousand (1,000) barrels in § 26-58-111(9), forty-five cents (45¢) shall be deposited into the State Treasury as special revenues, and the Treasurer of State shall credit the amount thereof to the Oil and Gas Commission Fund.
Ark. Code Ann. § 26-58-126 Severance tax rate for lead ore
0.5K chars
(a) The rate of the severance tax on lead ore shall be fifteen cents (15¢) per ton of two thousand pounds (2,000 lbs.) or at ten percent (10%) of market value, whichever rate is the greater. (b) The severance tax rate for lead ore under this section shall be in lieu of any rate w…
Ark. Code Ann. § 26-58-127 Cost recovery periods for new discovery gas and high-cost gas
3.2K chars
(a) (1) The one-and-one-half-percent severance tax rate on new discovery gas shall apply to the first twenty-four (24) consecutive calendar months beginning on the date of first production from the new discovery gas well, regardless of whether production commenced prior to Januar…
Ark. Code Ann. § 26-58-128 Determination of new discovery gas, high-cost gas, or marginal gas
0.5K chars
(a) The producer of a proposed or existing gas well may apply at any time to the Director of the Oil and Gas Commission for a determination that the well qualifies as a new discovery gas well, a high-cost gas well, or a marginal gas well. (b) The director may require an applicant…
Ark. Code Ann. § 26-58-129 Natural gas severance tax payment, apportionment of severance tax between royalty owner and producer, and authority for rulemaking
0.4K chars
(a) The severance tax on natural gas shall be paid in the manner provided in this chapter. (b) The portion of the severance tax that is required to be deducted from the royalty owner or other interest shall be calculated in the same manner as the portion of the severance tax born…
Ark. Code Ann. § 26-58-201 Definitions
3.8K chars
(1) As used in this subchapter:(1) (A) “Approved underground saltwater disposal system” means a system or systems of reinjection of salt water produced as a result of oil or natural gas production into an underground level or stratum, as approved by the Arkansas Pollution Control…
Ark. Code Ann. § 26-58-202 Applicability
0.5K chars
(a) The benefits of the provisions of this subchapter shall not apply to the severance tax due or payable on oil or natural gas produced from nonsaltwater-producing wells in this state. (b) The benefits of the provisions of this subchapter shall not apply to any underground saltw…
Ark. Code Ann. § 26-58-203 Penalty
0.3K chars
Any person violating the provisions of this subchapter shall be guilty of a misdemeanor. A convicted offender shall be punished by a fine of not less than one hundred dollars ($100) nor more than one thousand dollars ($1,000), or be imprisoned not less than thirty (30) days nor m…
Ark. Code Ann. § 26-58-204 Severance tax credit for oil producer
0.4K chars
An oil producer in this state who provides for the disposition of salt water produced in the production of oil from oil wells of the oil producer in this state by means of an approved underground saltwater disposal system shall be allowed a severance tax credit on all oil produce…
Ark. Code Ann. § 26-58-205 Severance tax credit for natural gas producer
0.4K chars
A natural gas producer charged with the responsibility of reporting and paying the severance tax on natural gas who provides for the disposal of salt water produced in the production of natural gas by means of an approved underground saltwater disposal system is allowed a severan…
Ark. Code Ann. § 26-58-206 Permit for credit
1.6K chars
(a) A producer in this state wishing to obtain the benefits of the provisions of this subchapter shall make application to the Secretary of the Department of Finance and Administration for a permit to obtain credit on severance taxes due on all oil or natural gas produced in salt…
Ark. Code Ann. § 26-58-207 [Repealed.]
0.2K chars
A.C.A. § 26-58-207Current through all legislation of the 2025 Regular Session.Arkansas Code of 1987 Annotated Official EditionCopyright © 2026 by the State of Arkansas All rights reserved
Ark. Code Ann. § 26-58-208 Amounts of credits or tax — Maximum annual credits allowed
4.4K chars
(a) A producer is entitled to an annual severance tax credit that is calculated based upon the cost, as defined in § 26-58-209, of the producer in maintaining an approved underground saltwater disposal system during the calendar year for which the severance tax credit is approved…
Ark. Code Ann. § 26-58-209 Cost of maintaining saltwater disposal system
3.1K chars
(1) The cost of a producer in maintaining an approved underground saltwater disposal system for the purposes of this subchapter shall include the following:(1) An allowance, to be spread equally over each severance tax reporting period, for depreciation of the actual cash investm…
Ark. Code Ann. § 26-58-210 Records
0.3K chars
A producer obtaining the benefits of the provisions of this subchapter shall maintain for a period of not less than three (3) years such records as may be required by the Secretary of the Department of Finance and Administration that may be necessary to justify the cost credits a…
Ark. Code Ann. § 26-58-211 [Repealed.]
0.2K chars
A.C.A. § 26-58-211Current through all legislation of the 2025 Regular Session.Arkansas Code of 1987 Annotated Official EditionCopyright © 2026 by the State of Arkansas All rights reserved
Ark. Code Ann. § 26-58-301 Levy for benefit of Arkansas Museum of Natural Resources Fund
3.5K chars
(a) (1) In addition to the severance tax on oil produced in the State of Arkansas and levied in § 26-58-111(6), there is levied an additional tax of five (5) mills per barrel of oil produced in this state.(2) All taxes, interest, and penalties collected by the Revenue Division of…
Ark. Code Ann. § 26-58-302 Additional levy for benefit of Arkansas Museum of Natural Resources Fund
2.3K chars
(a) (1) There is levied a tax of two cents (2¢) per barrel of oil produced in this state.(2) The taxes shall be reported and paid monthly to the Secretary of the Department of Finance and Administration by each producer of oil in such manner and upon such forms as the secretary s…
Ark. Code Ann. § 26-58-303 Levy for benefit of Arkansas Museum of Natural Resources Bond Redemption Fund
2.8K chars
(a) (1) There is levied a fee of twenty (20) mills on each barrel of oil produced in this state.(2) The fee shall be reported and paid monthly to the Secretary of the Department of Finance and Administration by each producer of oil in such manner and upon such forms as the secret…
Ark. Code Ann. § 26-59-101 Title
0.1K chars
This chapter may be cited as the “Estate Tax Law of Arkansas”.
Ark. Code Ann. § 26-59-102 Definitions
2.9K chars
(1) As used in this chapter:(1) “Decedent” includes the testator, intestate, grantor, bargainor, vendor, or donor;(2) “Executor” means the executor, administrator, curator, fiduciary, or custodian of property of a decedent, or if there is no executor, administrator, curator, fidu…
Ark. Code Ann. § 26-59-103 Chapter to remain in effect while United States Government imposes estate tax
0.4K chars
This chapter shall remain in force and effect so long as the United States Government retains in full force and effect, as a part of the revenue laws of the United States, the present federal estate tax, and this chapter shall cease to be operative when the federal credit for sta…
Ark. Code Ann. § 26-59-104 Federal rules of interpretation applicable
0.2K chars
When not otherwise provided for in this chapter, the rules of interpretation and construction applicable to the estate tax laws of the United States shall apply to and be followed in the interpretation of this chapter.
Ark. Code Ann. § 26-59-105 Administration and enforcement of chapter
0.2K chars
Except as otherwise provided in this chapter, the Secretary of the Department of Finance and Administration shall have jurisdiction and be charged with the administration and enforcement of the provisions of this chapter.
Ark. Code Ann. § 26-59-106 Amount of tax imposed — Resident estates
2.3K chars
(a) A tax is imposed upon the transfer of real estate and personal property of every kind owned by every person who at the time of death was a resident of the State of Arkansas, the amount of which shall be a sum equal to the federal credit allowable under the federal estate tax …
Ark. Code Ann. § 26-59-107 Tax imposed — Nonresident estates
2.1K chars
(a) A tax is imposed upon the transfer of all real, tangible, and intangible personal property located in the State of Arkansas of any nonresident of this state in a sum equal to the proportion of the federal credit allowable under the federal estate tax laws, 26 U.S.C. § 2001 et…
Ark. Code Ann. § 26-59-108 Exemptions
1.4K chars
(a) There shall not be imposed any estate taxes, inheritance taxes, or transfer taxes upon the succession of title to any property from any person, association, company, or corporation, whether resident or nonresident of this state, passing to or for the use of:(1) The State of A…
Ark. Code Ann. § 26-59-109 Estate tax returns generally
3.2K chars
(a) (1) Returns by Executor. In all cases in which the gross estate at the death of a citizen or resident of the United States exceeds one million dollars ($1,000,000) and a portion of the property comprising the gross estate is located in Arkansas, then the executor shall make a…
Ark. Code Ann. § 26-59-110 Estate tax returns — Contents
3.5K chars
(1) The executor at such times and in such manner as may be required by rules made pursuant to law shall also file with the Secretary of the Department of Finance and Administration a return under oath, setting forth:(1) A description and the value of the gross estate of the dece…
Ark. Code Ann. § 26-59-111 Estate tax return — Extension of filing time
0.9K chars
(a) Any person who requests and receives an extension of time in which to file a federal estate tax return, as provided by 26 U.S.C. § 6081, as amended and in effect on January 1, 2002, shall be granted an extension of time in which to file the Arkansas estate tax return for the …
Ark. Code Ann. § 26-59-112 Secretary to make return when no return filed
0.6K chars
If any executor, administrator, fiduciary, trustee, person, corporation, company, or association fails to make and file a return or list at the time prescribed by law or by rule made under authority of law, or makes, willfully or otherwise, a false or fraudulent return or list, t…
Ark. Code Ann. § 26-59-113 Payment — Time limitations — Federal election
4.6K chars
(a) The tax imposed by this chapter shall be due and payable nine (9) months after a decedent's death and shall be paid by the executor to the Secretary of the Department of Finance and Administration. (b) (1) (A) When the secretary finds that the payment on the due date of the t…
Ark. Code Ann. § 26-59-114 Payment of tax — Discharge of executor
1.4K chars
(a) The Secretary of the Department of Finance and Administration shall issue to the executor upon payment of the tax imposed by this chapter receipts in triplicate any of which shall be sufficient evidence of the payment, and shall entitle the executor to be credited and allowed…
Ark. Code Ann. § 26-59-115 [Repealed.]
0.2K chars
A.C.A. § 26-59-115Current through all legislation of the 2025 Regular Session.Arkansas Code of 1987 Annotated Official EditionCopyright © 2026 by the State of Arkansas All rights reserved
Ark. Code Ann. § 26-59-116 Payment of tax — Reimbursement to person paying tax
0.9K chars
(a) If the tax or any part thereof is paid or collected out of that part of the estate passing to or in possession of any person other than the executor in his or her capacity as such, the person shall be entitled to a reimbursement out of any part of the estate still undistribut…
Ark. Code Ann. § 26-59-117 Payment of tax — Executor's liability
0.6K chars
If any executor makes distribution either in whole or in part of any of the property of an estate to the heirs, next of kin, distributees, legatees, or devisees without having paid or secured the tax due the State of Arkansas under this chapter or obtained the release of the prop…
Ark. Code Ann. § 26-59-118 Payment of tax — Executor's right to sell real estate
0.3K chars
Every executor shall have the same right and power to take possession of or sell, convey, and dispose of real estate as assets of the estate for payment of the tax imposed by this chapter as the executor may have for the payment of the debts of the decedent.
Ark. Code Ann. § 26-59-119 Executor — Notice of appointment
0.2K chars
The executor within two (2) months after the decedent's death or within a like period after qualifying as executor, shall give written notice of his or her qualification as executor to the Secretary of the Department of Finance and Administration.
Ark. Code Ann. § 26-59-120 Duties of probate clerks — Information required
0.8K chars
(a) When letters of administration or letters testamentary are issued by any probate clerk of a county of the State of Arkansas, the probate clerk shall immediately advise the Revenue Division of the Department of Finance and Administration that such letters were granted, giving …
Ark. Code Ann. § 26-59-121 Corporate executors of nonresident decedents — Restrictions
0.9K chars
(a) If the executor of the estate of a nonresident is a corporation authorized, qualified, and acting as executor in the jurisdiction of the domicile of the decedent, it shall be under the same duties and obligations as to the giving of notices and filing of returns required by t…
Ark. Code Ann. § 26-59-122 Disposition and allocation of funds
1.0K chars
(a) All taxes, fees, penalties, and costs received by the Secretary of the Department of Finance and Administration under this chapter shall be general revenues and shall be deposited into the State Treasury to the credit of the State Apportionment Fund, except that the amount of…
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,…