If a new corporation is organizing in Arkansas, it is not necessary to disclose the total assets of the parent corporation. If there is already a U.S. based corporation and this is a simple application for authorization to do business in Arkansas, the company need only to supply a balance sheet of the U.S. corporation. For additional information on franchise taxes, contact the Secretary of State, Corporations Department, Little Rock, AR 72201-1094. If you area vendor located within Arkansas, you are required to register under the Gross Receipts Tax Law. If you are making purchases from outside Arkansas for use, storage, distribution or consumption within state boundaries, and the Arkansas tax is not collected by the seller, you must register under the consumer Use Tax Act and remit the tax directly to the State.
Raw materials are exempt from sales tax if they are a recognizable part of a finished product.
The Miscellaneous tax covers a variety of taxation ranging from Amusement Tax to Brucellosis Assessment. Detailed information can be obtained by contacting the Revenue Division, Miscellaneous Tax Section, P.O. Box 896, Little Rock, AR 72203-0986. Any company requesting a gasoline or diesel fuel distribution license within the State of Arkansas must contact the Motor Fuel tax section to obtain the proper application and bond forms. No sale of gasoline or diesel fuel is permitted in Arkansas without a license. All Arkansas-based motor carriers operating interstate must obtain the appropriate license.