Arkansas Code Title 26, Subtitle 6, Chapter 82 - Local Sales and Use Tax Economic Development Project Funding Act

• § 26-82-101 - Title.
  This chapter shall be known as the "Local Sales and Use Tax Economic Development Project Funding Act".
• § 26-82-102 - Definitions.
  As used in this chapter: (1) "Calendar quarter" means a three-month period that begins on January 1, April 1, July 1, or October 1;...
• § 26-82-103 - Authority to Levy Tax.
  (a) (1) The governing body of a city or county may adopt an ordinance levying a local sales and use tax in the amount...
• § 26-82-104 - Election.
  (a) (1) Within thirty (30) days following the adoption of an ordinance levying a local sales and use tax under this chapter, the levying...
• § 26-82-105 - Requirements -- Effective Dates.
  To provide time to prepare for an election required under this chapter and to provide time for the Director of the Department of Finance...
• § 26-82-106 - Abolition of Tax.
  (a) (1) Except under subsection (b) of this section, the levying entity may abolish all or a portion of the local sales and use...
• § 26-82-107 - Notice of Adoption or Abolition of Tax.
  No later than ten (10) days following each of the events stated in the ordinance with reference to the procedure for the adoption or...
• § 26-82-108 - Collection of Tax.
  (a) (1) (A) In each levying entity in which a local sales and use tax has been levied under this chapter, each seller shall...
• § 26-82-109 - Administration of Tax.
  (a) On and after the effective date of a local sales and use tax imposed under this chapter, the Director of the Department of...
• § 26-82-110 - Applicability of Tax.
  (a) A local sales and use tax levied under this chapter applies to sales of items and services sold by a business and shall...
• § 26-82-111 - Disposition of Funds.
  (a) (1) (A) The Treasurer of State shall transmit to the treasurer or financial officer of each levying entity the levying entity's share of...
• § 26-82-112 - Enforcement and Penalties.
  (a) The procedures and penalties used by the Director of the Department of Finance and Administration in enforcing a local sales and use tax...
• § 26-82-113 - Trust Funds -- Administration.
  (a) (1) (A) Money reported as local sales and use taxes that was collected in local taxing jurisdictions that is not immediately identifiable and...
• § 26-82-114 - Effect of Change in City Boundaries.
  If a city in which a local sales and use tax has been imposed under this chapter changes or alters its boundaries, a tax...
• § 26-82-115 - Maximum Tax Limitation.
  (a) A sales and use tax levied under this chapter shall be levied and collected only on the first two thousand five hundred dollars...
• § 26-82-116 - Reporting.
  Vendors collecting, reporting, and remitting a local sales and use tax levied under this chapter shall collect, report, and pay the local sales and...
• § 26-82-117 - Capital Improvement Bonds.
  (a) All or a specific portion of the local sales and use tax under this chapter may be pledged to bonds issued under §§...
• § 26-82-118 - No Effect on Existing Taxes.
  The imposition of a local sales and use tax under this chapter does not affect any existing local sales and use taxes levied by...
• § 26-82-119 - Rules.
  The Director of the Department of Finance and Administration may promulgate reasonable rules to implement the enforcement, administration, and collection of a local sales...

Last modified: November 15, 2016