Arkansas Code Title 26, Subtitle 6, Chapter 75, Subchapter 3 - Sales Tax for Capital Improvements

• § 26-75-301 - 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...
• § 26-75-302 - Construction.
  This subchapter shall be liberally construed to accomplish the purposes of this subchapter.
• § 26-75-303 - 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...
• § 26-75-304 - Issuance of Bonds.
  (a) A city levying the tax permitted in this subchapter in addition to the authority existing under the laws of this state is authorized...
• § 26-75-305 - Voters' Approval of Bonds.
  No ordinance shall be passed by the governing body of a city under § 26-75-304 until a majority of the qualified electors of the...
• § 26-75-306 - 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...
• § 26-75-307 - Levying of Tax.
  (a) (1) The governing body of any city may adopt an ordinance levying a local sales or gross receipts and use tax in the...
• § 26-75-308 - Special Election to Approve.
  (a) (1) On the date of the filing of a petition described in § 26-75-307(b) or on the date of adoption of an ordinance...
• § 26-75-309 - 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...
• § 26-75-310 - Abolishment of Tax.
  (a) (1) In any city in which a local sales and use tax has been adopted in the manner provided for in this subchapter...
• § 26-75-311 - Notification Required.
  (a) (1) As soon as is practicable, and no later than ten (10) days following each of the events set forth in the ordinance...
• § 26-75-312 - Collection of Tax.
  (a) (1) In each city in which a local sales and use tax has been imposed in the manner provided by this subchapter, every...
• § 26-75-313 - 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...
• § 26-75-314 - 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...
• § 26-75-315 - Existing Taxing Powers Not Limited.
  No provision of this subchapter shall be so construed to abolish or limit existing powers of taxation of the city.
• § 26-75-316 - Excise Tax on Storage, Use, or Other Consumption.
  (a) In every city in which the local sales and use tax has been adopted pursuant to the provisions of this subchapter, there is...
• § 26-75-317 - Existing City Sales Taxes.
  (a) All city taxes adopted pursuant to this subchapter, § 26-75-501 et seq., or § 26-75-601 et seq., which are in effect on December...
• § 26-75-318 - 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...
• § 26-75-319 - 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...
• § 26-75-320 - 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...
• § 26-75-321 - Rebate.
  A city shall provide in its ordinance authorized by this subchapter for a rebate from the city for taxes collected under this subchapter in...

Last modified: November 15, 2016