Arkansas Code § 26-75-619 - Authority to Perform Joint Audits

(a) As used in this section:

(1) "City" means a city of the first class, city of the second class, or incorporated town in this state;

(2) "Joint audit" means an audit that is performed by a joint auditor to examine the records of one (1) or more taxpayers and that is necessary to determine the accuracy of a return or to establish the liability of the taxpayer to pay the tax levied by an ordinance of a city under § 26-75-602; and

(3) "Joint auditor" means a person with the necessary experience or training to assume the primary responsibility to conduct a joint audit according to an agreement between the cities;

(4) "Records" means:

(A) The books, records, papers, vouchers, accounts, documents, and relevant property or stock of merchandise of the taxpayer that are in the possession of the taxpayer or of a third party that concern the tax levied under § 26-75-602; or

(B) Tax information from the books and records of the Department of Finance and Administration concerning a taxpayer that is necessary to the performance of a joint audit of a taxpayer and is requested by a joint auditor; and

(5) "Taxpayer" means a person subject to or liable for the tax levied by an ordinance of a city under § 26-75-602.

(b) (1) Two (2) or more cities that have levied a tax and have adopted an ordinance under the authority of § 26-75-603 may agree to a joint audit in order to reduce the expenditure of time and resources necessary to perform the audit.

(2) The ordinance shall enable the advertising and promotion commission of the levying city to enforce the tax through examination of records.

(c) The cities that participate in the joint audit may enter into a joint agreement to employ a joint auditor and to provide any assistance required to the joint auditor in the performance of the joint audit.

(d) At a reasonable time, the joint auditor shall be granted access to examine records permitted by a city ordinance under § 26-75-603 and this section.

Section: Previous  26-75-606  26-75-607  26-75-608  26-75-609  26-75-610  26-75-611  26-75-612  26-75-613  26-75-614  26-75-615  26-75-616  26-75-617  26-75-618  26-75-619  

Last modified: November 15, 2016