(a) (1) A tax levied pursuant to the authority granted in this subchapter shall be applicable to sales of items and services sold by a business, and the tax 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) When a direct pay permit holder purchases tangible personal property or taxable services either from an Arkansas or out-of-state vendor for use, storage, consumption, or distribution in Arkansas, the permit holder shall accrue and remit the county sales or use tax, if any, pursuant to the sourcing rules in §§ 26-52-521 and 26-52-522.
Section: Previous 26-74-602 26-74-603 26-74-604 26-74-605 26-74-606 26-74-607 26-74-608 26-74-609 26-74-610 26-74-611 26-74-612 26-74-613 26-74-614 26-74-615 NextLast modified: November 15, 2016