Arkansas Code Title 26, Subtitle 5, Chapter 59 - Estate Taxes

• § 26-59-101 - Title.
  This chapter may be cited as the "Estate Tax Law of Arkansas".
• § 26-59-102 - Definitions.
  As used in this chapter: (1) "Decedent" includes the testator, intestate, grantor, bargainor, vendor, or donor; (2) "Director" means the Director of the Department...
• § 26-59-103 - Chapter to Remain in Effect While Federal Government Imposes Estate Tax.
  This chapter shall remain in force and effect so long as the United States Government retains in full force and effect, as a part...
• § 26-59-104 - Federal Rules of Interpretation Applicable.
  When not otherwise provided for in this chapter, the rules of interpretation and construction applicable to the estate tax laws of the United States...
• § 26-59-105 - Administration and Enforcement of Chapter.
  Except as otherwise provided in this chapter, the Director of the Department of Finance and Administration shall have jurisdiction and be charged with the...
• § 26-59-106 - Amount of Tax Imposed -- Resident Estates.
  (a) A tax is imposed upon the transfer of real estate and personal property of every kind owned by every person who at the...
• § 26-59-107 - Tax Imposed -- Nonresident Estates.
  (a) A tax is imposed upon the transfer of all real, tangible, and intangible personal property located in the State of Arkansas of any...
• § 26-59-108 - Exemptions.
  (a) There shall not be imposed any estate taxes, inheritance taxes, or transfer taxes upon the succession of title to any property from any...
• § 26-59-109 - Estate Tax Returns Generally.
  (a) (1) Returns by Executor. In all cases in which the gross estate at the death of a citizen or resident of the United...
• § 26-59-110 - Estate Tax Returns -- Contents.
  The executor at such times and in such manner as may be required by regulations made pursuant to law shall also file with the...
• § 26-59-111 - Estate Tax Return -- Extension of Filing Time.
  (a) Any person who requests and receives an extension of time in which to file a federal estate tax return, as provided by 26...
• § 26-59-112 - Director to Make Return When No Return Filed.
  If any executor, administrator, fiduciary, trustee, person, corporation, company, or association fails to make and file a return or list at the time prescribed...
• § 26-59-113 - Payment -- Time Limitations -- Federal Election.
  (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...
• § 26-59-114 - Payment of Tax -- Discharge of Executor.
  (a) The Director of the Department of Finance and Administration shall issue to the executor upon payment of the tax imposed by this chapter...
• § 26-59-115 - [Repealed.]
• § 26-59-116 - Payment of Tax -- Reimbursement to Person Paying Tax.
  (a) If the tax or any part thereof is paid or collected out of that part of the estate passing to or in possession...
• § 26-59-117 - Payment of Tax -- Executor's Liability.
  If any executor makes distribution either in whole or in part of any of the property of an estate to the heirs, next of...
• § 26-59-118 - Payment of Tax -- Executor's Right to Sell Real Estate.
  Every executor shall have the same right and power to take possession of or sell, convey, and dispose of real estate as assets of...
• § 26-59-119 - Executor -- Notice of Appointment.
  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...
• § 26-59-120 - Duties of Probate Clerks -- Information Required.
  (a) When letters of administration or letters testamentary are issued by any probate clerk of a county of the State of Arkansas, the probate...
• § 26-59-121 - Corporate Executors of Nonresident Decedents -- Restrictions.
  (a) If the executor of the estate of a nonresident is a corporation authorized, qualified, and acting as executor in the jurisdiction of the...
• § 26-59-122 - Disposition and Allocation of Funds.
  (a) All taxes, fees, penalties, and costs received by the Director of the Department of Finance and Administration under the provisions of this chapter...

Last modified: November 15, 2016