(a) (1) Unless for good cause shown, should any company fail to file on or before March 1 the complete statement required of it by ยงยง 26-26-1602 and 26-26-1603, the time for making the return shall be extended for not more than sixty (60) days.
(2) The Tax Division of the Arkansas Public Service Commission shall advise the company in writing of the delinquency, and, thereafter, should the company fail to file the statement before May 1, the division shall immediately report the delinquency to the appropriate commission, and should delinquency exist on May 31 of the assessment year, the commission shall certify the delinquency to the Director of the Department of Finance and Administration.
(b) (1) By proper action in the name of the state, the director may recover from any delinquent company a penalty not to exceed one hundred dollars ($100) for each day's delinquency, beginning as of March 1 of the assessment year.
(2) In the alternative, the director may petition the commission for revocation of the certificate or permit of authority issued to the delinquent company to operate in the State of Arkansas.
Section: Previous 26-26-1602 26-26-1603 26-26-1604 26-26-1605 26-26-1606 26-26-1607 26-26-1608 26-26-1609 26-26-1610 26-26-1611 26-26-1612 26-26-1613 26-26-1614 26-26-1615 NextLast modified: November 15, 2016