Arkansas Code Title 26, Subtitle 6, Chapter 74, Subchapter 2 - Sales and Use Tax for Capital Improvements

• § 26-74-201 - Purpose.
  (a) This subchapter is intended to supplement all constitutional provisions and other acts adopted for the acquiring, constructing, and equipping of capital improvements of...
• § 26-74-202 - Construction.
  This subchapter shall be liberally construed to accomplish the purposes of this subchapter.
• § 26-74-203 - Definitions.
  As used in this subchapter: (1) "Acquire" means to obtain at any time by gift, purchase, or other arrangement, any capital improvement of a...
• § 26-74-204 - Issuance of Bonds.
  (a) Counties levying the tax permitted in this subchapter are authorized, in addition to the authority existing under the laws of the state, enacted,...
• § 26-74-205 - Voters' Approval of Bonds.
  No ordinance shall be passed by the quorum court of a county under § 26-74-204 until a majority of the qualified electors of the...
• § 26-74-206 - Pledge of Revenues.
  Any county levying the tax as permitted in this subchapter is authorized to pledge all or any part of the revenues which the county...
• § 26-74-207 - Call for Tax Election.
  (a) (1) A county quorum court may call an election for the levy of a countywide sales and use tax in the amount of:...
• § 26-74-208 - Form of Ballot.
  (a) The ballot title to be used shall be substantially in the following form: "[] FOR adoption of a .... percent (.... %) sales...
• § 26-74-209 - Conduct of Election and Results -- Challenges.
  (a) The election shall be conducted in the manner provided by law for all other county elections unless otherwise specified in this subchapter.(b) When...
• § 26-74-210 - Resubmission of Question of Levy or Repeal.
  (a) (1) When the question of the levy or repeal of a county sales and use tax is submitted to the electors and the...
• § 26-74-211 - Notification of Results.
  (a) Within ten (10) days after the certification of the votes of any election resulting in the adoption or abolition of a tax levied...
• § 26-74-212 - Applicability of Tax.
  (a) A county sales tax levied under this subchapter or in § 26-74-301 et seq. shall be applicable to sales of items and services...
• § 26-74-213 - Rebates.
  (a) A county shall provide in its ordinance authorized by this subchapter a rebate from the county for taxes collected pursuant to this subchapter...
• § 26-74-214 - Disposition of Funds.
  (a) (1) The Director of the Department of Finance and Administration shall maintain a record of the total amount of tax collected pursuant to...
• § 26-74-215 - Rules and Regulations.
  The Director of the Department of Finance and Administration may promulgate reasonable rules and regulations not inconsistent with the provisions of this subchapter to...
• § 26-74-216 - Procedures and Penalties for Enforcement.
  (a) The procedures and penalties used by the Director of the Department of Finance and Administration in enforcing any local tax imposed pursuant to...
• § 26-74-217 - Repeal Upon Levy of Additional Statewide Gross Receipts Tax -- Exception.
  (a) Subject to the provisions of subsection (b) of this section, if the General Assembly shall levy an additional statewide gross receipts tax of...
• § 26-74-218 - Existing County Sales Taxes.
  All county sales taxes adopted under the provisions of §§ 26-74-301 -- 26-74-314 which are in effect on December 1, 1981, shall remain in...
• § 26-74-219 - Levy of Use Tax in Counties Having Sales Tax.
  In all counties which prior to December 1, 1981, have adopted a local sales tax under the provisions of §§ 26-74-301 -- 26-74-314, there...
• § 26-74-220 - Maximum Tax Limitation.
  (a) (1) Any county general sales or use tax levied pursuant to this subchapter shall be levied and collected only on the first two...
• § 26-74-221 - Administration of Local Sales and Use Tax Trust Fund.
  (a) (1) There is created a trust fund for the remittance of local sales and use taxes which shall be known as the "Local...
• § 26-74-222 - Levy of Sales Tax Only.
  (a) In any county having previously adopted a one percent (1%) countywide sales tax pursuant to this subchapter or § 26-74-301 et seq., which...
• § 26-74-223 - Levy of Compensating Use Tax.
  (a) In all counties which adopt a local sales tax under the provisions of this subchapter or § 26-74-301 et seq., or which prior...

Last modified: November 15, 2016