Title 26 — Taxation
51 chapters · 1,912 sections in this title.
Ark. Code Ann. § 26-82-108 Collection of tax
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(a) (1) (A) In each levying entity in which a local sales and use tax has been levied under this chapter, each seller shall add the tax imposed by the Arkansas Gross Receipts Act of 1941, § 26-52-101 et seq., the Arkansas Compensating Tax Act of 1949, § 26-53-101 et seq., and the…
Ark. Code Ann. § 26-82-109 Administration of tax
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(a) On and after the effective date of a local sales and use tax imposed under this chapter, the Secretary of the Department of Finance and Administration shall perform all functions incidental to the administration, collection, enforcement, and operation of the local sales and u…
Ark. Code Ann. § 26-82-110 Applicability of tax
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(a) A local sales and use tax levied under this chapter applies to sales of items and services sold by a business and shall be administered under the Arkansas Gross Receipts Act of 1941, § 26-52-101 et seq., and the Arkansas Compensating Tax Act of 1949, § 26-53-101 et seq. (b) W…
Ark. Code Ann. § 26-82-111 Disposition of funds
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(a) (1) (A) The Treasurer of State shall transmit to the treasurer or financial officer of each levying entity the levying entity's share of local sales and use taxes collected under this chapter.(B) Transmittals required under this chapter shall be made at least monthly in each …
Ark. Code Ann. § 26-82-112 Enforcement and penalties
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(a) The procedures and penalties used by the Secretary of the Department of Finance and Administration in enforcing a local sales and use tax imposed under this chapter shall be the same as for the state gross receipts tax and compensating tax unless otherwise provided in this ch…
Ark. Code Ann. § 26-82-113 Trust funds — Administration
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(a) (1) (A) Money reported as local sales and use taxes that was collected in local taxing jurisdictions that is not immediately identifiable and money collected in local jurisdictions that do not have a local sales and use tax shall be deposited into the Identification Pending T…
Ark. Code Ann. § 26-82-114 Effect of change in city boundaries
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If a city in which a local sales and use tax has been imposed under this chapter changes or alters its boundaries, a tax imposed under this chapter shall be effective in the added territory or abolished in the detached territory on the first day of the first calendar month follow…
Ark. Code Ann. § 26-82-115 Maximum tax limitation
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(a) (1) A sales and use tax levied under this chapter shall be levied and collected only on the first two thousand five hundred dollars ($2,500) of gross receipts, gross proceeds, or sales price on the sale of:(A) Motor vehicles;(B) Aircraft;(C) Watercraft;(D) Modular homes;(E) M…
Ark. Code Ann. § 26-82-116 Reporting
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Vendors collecting, reporting, and remitting a local sales and use tax levied under this chapter shall collect, report, and pay the local sales and use tax in the same manner and at the same time as is prescribed by law for the collection, reporting, and payment of other local sa…
Ark. Code Ann. § 26-82-117 Capital improvement bonds
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(a) All or a specific portion of the local sales and use tax under this chapter may be pledged to bonds issued under §§ 14-164-301 — 14-164-340. (b) If pledged under the Local Government Bond Act of 1985, § 14-164-301 et seq., §§ 14-164-337 and 14-164-339 apply to the disposition…
Ark. Code Ann. § 26-82-118 No effect on existing taxes
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The imposition of a local sales and use tax under this chapter does not affect any existing local sales and use taxes levied by a city or county for economic development purposes.
Ark. Code Ann. § 26-82-119 Rules
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The Secretary of the Department of Finance and Administration may promulgate reasonable rules to implement the enforcement, administration, and collection of a local sales and use tax authorized in this chapter.