Arkansas Code Title 26, Subtitle 6, Chapter 75, Subchapter 2 - Sales and Use Tax for Capital Improvements

• § 26-75-201 - 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...
• § 26-75-202 - Construction.
  This subchapter shall be liberally construed to accomplish the purposes of this subchapter.
• § 26-75-203 - 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...
• § 26-75-204 - Issuance of Bonds.
  (a) A city levying the tax as permitted in this subchapter in addition to the authority existing under the laws of the state is...
• § 26-75-205 - Voter Approval of Bonds.
  No ordinance shall be passed by the governing body of a city under § 26-75-204 until a majority of the qualified electors of the...
• § 26-75-206 - Pledge of Revenues.
  Any city levying the tax as permitted in this subchapter is authorized to pledge all or any part of the revenues from the tax...
• § 26-75-207 - Levying of Tax.
  (a) (1) The governing body of any city may adopt an ordinance levying a local sales and use tax in the amount of one-eighth...
• § 26-75-208 - Special Election Required.
  (a) (1) On the date of the filing of a petition described in § 26-75-207(b) or on the date of adoption of an ordinance...
• § 26-75-209 - Effective Date of Ordinance.
  In order to provide time for the preparations for election set forth in this subchapter and to provide for the accomplishment of the administrative...
• § 26-75-210 - Abolishment of Tax.
  (a) (1) Except as set forth in subsection (b) of this section, in any city in which a city sales and use tax has...
• § 26-75-211 - Notification Required.
  (a) As soon as is feasible, and no later than ten (10) days following each of the events set forth in the ordinance with...
• § 26-75-212 - Collection of Tax.
  (a) (1) (A) In each city where a local sales and use tax has been imposed in the manner provided by this subchapter, every...
• § 26-75-213 - Resubmission of Question of Levy or Repeal.
  (a) (1) Except as provided in § 26-75-210 and in subsection (b) of this section, when the question of the levy or repeal of...
• § 26-75-214 - 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...
• § 26-75-215 - Repeal of Taxes 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...
• § 26-75-216 - Applicability of Tax.
  (a) A city sales and use tax levied pursuant to the authority granted in this subchapter or in § 26-75-301 et seq. shall be...
• § 26-75-217 - Disposition of Funds.
  (a) (1) The Treasurer of State shall transmit to the treasurer or financial officer of each such city that city's share of local sales...
• § 26-75-218 - 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...
• § 26-75-219 - 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...
• § 26-75-220 - Existing Taxing Powers Not Limited.
  No provision of this subchapter shall be construed to abolish or limit existing powers of taxation of the city.
• § 26-75-221 - Existing City Sales Taxes.
  (a) All city taxes adopted pursuant to § 26-75-301 et seq., § 26-75-501 et seq., or § 26-75-601 et seq., which are in effect...
• § 26-75-222 - Maximum Tax Limitation.
  (a) (1) Any municipal general sales or use tax levied pursuant to this subchapter shall be levied and collected only on the first two...
• § 26-75-223 - 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...

Last modified: November 15, 2016