Arkansas Code Title 26, Subtitle 6, Chapter 74, Subchapter 3 - Sales Tax for Capital Improvements
- § 26-74-301 - 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...
- § 26-74-302 - Construction.
This subchapter shall be liberally construed to accomplish the purposes of this subchapter.
- § 26-74-303 - 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...
- § 26-74-304 - Issuance of Bonds.
(a) Counties levying the tax permitted in this subchapter are authorized, in addition to the authority existing under the laws of this state, to...
- § 26-74-305 - Voter Approval of Bonds.
No ordinance shall be passed by the quorum court of a county under § 26-74-304 until the majority of the qualified electors of the...
- § 26-74-306 - 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...
- § 26-74-307 - Call for Tax Election.
(a) (1) A county quorum court may call an election for the levy of a countywide sales tax in an amount of: (A) One-eighth...
- § 26-74-308 - Form of Ballot.
(a) The ballot title to be used shall be substantially in the following form: "[] FOR adoption of a .... percent (.... %) sales...
- § 26-74-309 - 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...
- § 26-74-310 - Abolition of Tax.
(a) In any county in which a local sales tax has been levied pursuant to this subchapter, and all or any portion pledged to...
- § 26-74-311 - 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...
- § 26-74-312 - Administration, Collection, Etc., of Tax.
(a) On and after the effective date of any tax imposed under the provisions of this subchapter, the Director of the Department of Finance...
- § 26-74-313 - Disposition of Funds.
(a) The Director of the Department of Finance and Administration shall maintain a record of the total amount of tax collected pursuant to this...
- § 26-74-314 - 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...
- § 26-74-315 - Existing County Sales Taxes.
All county sales taxes adopted under the provisions of this subchapter which are in effect on December 1, 1981, shall remain in full force...
- § 26-74-316 - Levy of Use Tax in Counties Having Sales Tax.
In all counties which have, prior to December 1, 1981, adopted a local sales tax under the provisions of this subchapter, there is also...
- § 26-74-317 - 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...
- § 26-74-318 - Levy of Sales Tax Only.
(a) In any county having previously adopted a one percent (1%) countywide sales tax pursuant to this subchapter or § 26-74-201 et seq., which...
- § 26-74-319 - Levy of Compensating Use Tax.
(a) In all counties which adopt a local sales tax under the provisions of this subchapter or § 26-74-201 et seq., or which prior...
- § 26-74-320 - 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...
- § 26-74-321 - 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...
Last modified: November 15, 2016