reglab/statecodes huggingface dataset:
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 5 - STATE TAXES (§§ 26-50-101 — 26-65-108) › Chapter 58 - SEVERANCE TAXES (§§ 26-58-101 — 26-58-303) › Subchapter 1 - GENERAL PROVISIONS (§§ 26-58-101 — 26-58-129) › Section 26-58-103 - Liability for other taxes not affected by subchapter

Payment of the severance tax shall not affect the liability of the producers for all state, county, municipal, district, and special taxes upon their real and other corporeal property.
Acts 1947, No. 136, § 11; 1947, No. 299, § 1; 1983, No. 254, § 9; A.S.A. 1947, § 84-2111.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 5 - STATE TAXES (§§ 26-50-101 — 26-65-108) › Chapter 58 - SEVERANCE TAXES (§§ 26-58-101 — 26-58-303) › Subchapter 1 - GENERAL PROVISIONS (§§ 26-58-101 — 26-58-129) › Section 26-58-104 - Arkansas Tax Procedure Act applicable

(a)
The tax levied in this subchapter is a "state tax" as that term is defined in the Arkansas Tax Procedure Act, §
26-18-101
et seq.
(b)
The provisions of the Arkansas Tax Procedure Act, §
26-18-101
et seq., shall so far as practicable be applicable to the tax levied by this subchapter and to the reporting, remitting, and enforcement of the tax.
Acts 1983, No. 254, § 11; A.S.A. 1947, § 84-2112.1.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 5 - STATE TAXES (§§ 26-50-101 — 26-65-108) › Chapter 58 - SEVERANCE TAXES (§§ 26-58-101 — 26-58-303) › Subchapter 1 - GENERAL PROVISIONS (§§ 26-58-101 — 26-58-129) › Section 26-58-105 - Rules and forms regarding severance taxes on timber

The Secretary of the Department of Finance and Administration with the advice and approval of the Arkansas Forestry Commission shall develop and adopt appropriate rules and forms to carry out the intent and purposes of this subchapter with respect to severance taxes on timber.
Amended by Act 2019, No. 315,§ 3043, eff. 7/24/2019.
Amended by Act 2019, No. 910,§ 4230, eff. 7/1/2019.
Acts 1983, No. 254, § 10; A.S.A. 1947, § 84-2111.1.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 5 - STATE TAXES (§§ 26-50-101 — 26-65-108) › Chapter 58 - SEVERANCE TAXES (§§ 26-58-101 — 26-58-303) › Subchapter 1 - GENERAL PROVISIONS (§§ 26-58-101 — 26-58-129) › Section 26-58-106 - Permits to engage in business

(a)
(1)
Any individual or firm desiring to engage in the business of severing natural resources or timber before entering the business shall make application to the Secretary of the Department of Finance and Administration for a license or permit.
(2)
In a form of application to be prescribed by the secretary, the applicant shall state under oath his or her name and address, the business in which he or she desires to engage, and the counties in which he or she will carry on the proposed severing.
(b)
The applicant shall be deemed by his or her application to have agreed:
(1)
To abide by the provisions of this subchapter;
(2)
To promptly pay when due the severance tax imposed by this subchapter; and
(3)
That the severance tax imposed by this subchapter shall constitute and remain a lien on each unit of production until the severance tax is paid to the secretary.
(c)
Upon the filing of the application, the secretary shall issue a permit for which no charge shall be made.
(d)
Whoever shall engage in the business of severing natural resources or timber without first having made application for and securing the license or permit to engage in the business shall be guilty of a violation and upon conviction shall be fined not less than fifty dollars ($50.00) nor more than five hundred dollars ($500).
Amended by Act 2019, No. 910,§ 4233, eff. 7/1/2019.
Amended by Act 2019, No. 910,§ 4232, eff. 7/1/2019.
Amended by Act 2019, No. 910,§ 4231, eff. 7/1/2019.
Acts 1947, No. 136, § 3; 1983, No. 254, § 3; A.S.A. 1947, § 84-2103; Acts 2005, No. 1994, § 178.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 5 - STATE TAXES (§§ 26-50-101 — 26-65-108) › Chapter 58 - SEVERANCE TAXES (§§ 26-58-101 — 26-58-303) › Subchapter 1 - GENERAL PROVISIONS (§§ 26-58-101 — 26-58-129) › Section 26-58-107 - Levy of tax

(a)
There is levied and there shall be collected from each producer of natural resources and each producer of timber in the State of Arkansas, a privilege or license tax to be known as "severance tax".
(b)
The severance tax is to be paid to the Secretary of the Department of Finance and Administration.
Amended by Act 2019, No. 910,§ 4234, eff. 7/1/2019.
Acts 1947, No. 136, § 2; 1959, No. 93, § 1; 1959, No. 129, § 1; 1967, No. 379, § 1; 1983, No. 254, § 2; A.S.A. 1947, § 84-2102.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 5 - STATE TAXES (§§ 26-50-101 — 26-65-108) › Chapter 58 - SEVERANCE TAXES (§§ 26-58-101 — 26-58-303) › Subchapter 1 - GENERAL PROVISIONS (§§ 26-58-101 — 26-58-129) › Section 26-58-108 - Exception to imposition of tax

The provisions of this subchapter shall not apply to nor shall any severance tax be required of or collected from an individual who occasionally severs natural resources or timber from his or her own premises to be utilized by him or her in the construction, repair, or maintenance of his or her own structures or improvements.
Acts 1947, No. 136, § 2; 1967, No. 379, § 1; 1971, No. 147, § 1; 1983, No. 254, § 2; A.S.A. 1947, § 84-2102.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 5 - STATE TAXES (§§ 26-50-101 — 26-65-108) › Chapter 58 - SEVERANCE TAXES (§§ 26-58-101 — 26-58-303) › Subchapter 1 - GENERAL PROVISIONS (§§ 26-58-101 — 26-58-129) › Section 26-58-109 - Tax additional to property tax

The severance tax imposed by this subchapter is in addition to the general property tax.
Acts 1947, No. 136, § 11; 1947, No. 299, § 1; 1983, No. 254, § 9; A.S.A. 1947, § 84-2111.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 5 - STATE TAXES (§§ 26-50-101 — 26-65-108) › Chapter 58 - SEVERANCE TAXES (§§ 26-58-101 — 26-58-303) › Subchapter 1 - GENERAL PROVISIONS (§§ 26-58-101 — 26-58-129) › Section 26-58-110 - Additional privilege or excise taxes prohibited

No other privilege or excise taxes in addition to the severance tax shall be imposed upon the right to utilize natural resources and timber.
Acts 1947, No. 136, § 11; 1947, No. 299, § 1; 1983, No. 254, § 9; A.S.A. 1947, § 84-2111.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 5 - STATE TAXES (§§ 26-50-101 — 26-65-108) › Chapter 58 - SEVERANCE TAXES (§§ 26-58-101 — 26-58-303) › Subchapter 1 - GENERAL PROVISIONS (§§ 26-58-101 — 26-58-129) › Section 26-58-112 - Additional tax on coal - Disposition

(a)
In addition to the tax levied by §
26-58-107
, there is levied an additional severance tax on coal in the amount of eight cents (8¢) per ton of two thousand pounds (2,000 lbs.). The additional tax shall be collected in the same manner as prescribed by this subchapter.
(b)
The additional tax shall be deposited into the State Treasury to the credit of the Constitutional Officers Fund and the State Central Services Fund.
Acts 1983, No. 560, § 1; A.S.A. 1947, § 84-2102.11.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 5 - STATE TAXES (§§ 26-50-101 — 26-65-108) › Chapter 58 - SEVERANCE TAXES (§§ 26-58-101 — 26-58-303) › Subchapter 1 - GENERAL PROVISIONS (§§ 26-58-101 — 26-58-129) › Section 26-58-115 - Reports and payment due from producer actually severing or from primary processor - Methods of accumulating tax payment - Penalty for noncompliance

(a)
Except as otherwise provided in this subchapter, the report required by §
26-58-114
shall be filed and the payment of the severance tax shall be made by the producer actually severing the natural resources whether as owner, lessee, concessionaire, or contractor and, in the case of severance taxes on timber, the report required by §
26-58-114
shall be filed and the severance tax shall be paid by the primary processor.
(b)
The reporting taxpayer shall collect or withhold out of the proceeds of the sale of the natural resources severed the proportionate parts of the total severance tax due by the respective owners of the natural resources at the time of severance.
(c)
Every producer actually operating any oil or gas well, quarry, or other property from which natural resources are severed but under contract or other obligation in which direct payment to the owner of any royalty, excess royalty, or working interest, either in money or in kind is required, is authorized, empowered, and required to deduct the amount of the severance tax in respect thereto from any such royalty or other interest before making the direct payment.
(d)
Notwithstanding the sale or delivery, all severed oil or gas sold or delivered to any pipeline company for transportation by it through pipes connected with the oil or gas well of the owner is subject to the severance tax on the severed oil or gas.
(e)
A primary processor of timber shall be responsible for the payment of severance taxes on all timber processed or acquired for processing by him or her whether or not the primary processor collects or withholds the tax from the producer.
(f)
Any producer or primary processor failing or refusing to comply with any provision of this section shall be guilty of a violation and upon conviction shall be fined in any sum not less than one hundred dollars ($100) nor more than five hundred dollars ($500) for each offense.
Acts 1947, No. 136, § 5; 1983, No. 254, § 5; A.S.A. 1947, § 84-2105; Acts 2005, No. 1994, § 179; 2007, No. 827, §§ 232, 233; 2011, No. 278, § 2.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 5 - STATE TAXES (§§ 26-50-101 — 26-65-108) › Chapter 58 - SEVERANCE TAXES (§§ 26-58-101 — 26-58-303) › Subchapter 1 - GENERAL PROVISIONS (§§ 26-58-101 — 26-58-129) › Section 26-58-117 - Responsibility for filing reports

(a)
(1)
Notwithstanding the provisions of §§
26-58-114
and
26-58-116
, either the producer or severer of natural resources, excluding natural gas, or the purchaser of natural resources, excluding natural gas, shall report and pay severance taxes thereon as required in §§
26-58-114
and
26-58-116
.
(2)
However, if either the producer or severer of natural resources, excluding natural gas, or the purchaser of natural resources, excluding natural gas, files the report as required in §§
26-58-114
and
26-58-116
and pays the severance taxes during any reporting period, the other shall be relieved of the responsibility of filing such report.
(b)
Both the producer of natural gas and the purchaser of natural gas shall be required to file their reports under §§
26-58-114
and
26-58-116
.
Acts 1977, No. 456, § 1; A.S.A. 1947, § 84-2104.1; Acts 2009, No. 145, § 3; 2011, No. 278, § 5.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 5 - STATE TAXES (§§ 26-50-101 — 26-65-108) › Chapter 58 - SEVERANCE TAXES (§§ 26-58-101 — 26-58-303) › Subchapter 1 - GENERAL PROVISIONS (§§ 26-58-101 — 26-58-129) › Section 26-58-118 - Reports - Transporters

(a)
All transporters of natural resources, save and except only pipeline transporters, whenever and as often as requested by the Secretary of the Department of Finance and Administration shall furnish a report under oath and upon forms prescribed by secretary setting forth:
(1)
The name of the shipper;
(2)
The date of shipment;
(3)
The quantity and type or character of such natural resources stated in units of measurements applicable thereto;
(4)
The point of receipt for shipment and point of destination; and
(5)
All such further information relating to the transportation of the natural resources as the secretary may reasonably require for the proper enforcement of the provisions of this subchapter.
(b)
Any transporter failing to furnish the transporter's report as provided by this section shall be punished by fine of not less than fifty dollars ($50.00) and not more than five hundred dollars ($500) for each such offense.
(c)
The willful false swearing in any report which may be furnished by the transporter in respect to any matter set forth in the report shall constitute perjury and shall be punishable as such.
Amended by Act 2019, No. 910,§ 4252, eff. 7/1/2019.
Amended by Act 2019, No. 910,§ 4251, eff. 7/1/2019.
Acts 1947, No. 136, § 6; A.S.A. 1947, § 84-2106.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 5 - STATE TAXES (§§ 26-50-101 — 26-65-108) › Chapter 58 - SEVERANCE TAXES (§§ 26-58-101 — 26-58-303) › Subchapter 1 - GENERAL PROVISIONS (§§ 26-58-101 — 26-58-129) › Section 26-58-120 - Arkansas Forestry Commission - Access to information - Investigations

(a)
(1)
The Arkansas Forestry Commission and the authorized representatives of the commission shall have access to all tax returns and other information and records of the Secretary of the Department of Finance and Administration related to the reporting and payment of taxes levied upon timber by this subchapter.
(2)
The commission shall furnish the secretary in writing the names of the forestry personnel who are authorized to have access to the timber tax records.
(3)
The commission and its authorized representatives shall at all times maintain the confidentiality of such information and records.
(b)
The commission is authorized to employ such persons as may be authorized by appropriation of the General Assembly to conduct inspections and investigations of primary processors of timber in order to determine whether such processors are properly reporting and paying the taxes levied in this subchapter.
(c)
The inspections or investigations to be made by commission personnel shall consist of a physical inspection of the business operation of any primary processor of timber and a request for proof that the processor holds a severance tax collection permit issued under this subchapter but shall not include an in-depth or comprehensive examination of the records of the processor.
(d)
If after completion of the inspection or investigation of a timber processor the commission finds that a timber processor is not collecting or remitting all taxes due under the provisions of this subchapter, the commission shall so advise the secretary and shall furnish the secretary the information upon which such finding is based.
Amended by Act 2019, No. 910,§ 4255, eff. 7/1/2019.
Amended by Act 2019, No. 910,§ 4254, eff. 7/1/2019.
Acts 1947, No. 136, § 8; 1983, No. 254, § 7; A.S.A. 1947, § 84-2108.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 5 - STATE TAXES (§§ 26-50-101 — 26-65-108) › Chapter 58 - SEVERANCE TAXES (§§ 26-58-101 — 26-58-303) › Subchapter 1 - GENERAL PROVISIONS (§§ 26-58-101 — 26-58-129) › Section 26-58-121 - Information provided to Arkansas Forestry Commission

The Secretary of the Department of Finance and Administration is directed to release any and all information requested by the Arkansas Forestry Commission which is related to the collection of timber severance taxes. This information shall include, but not be limited to, names, addresses, and amounts paid.
Amended by Act 2019, No. 910,§ 4256, eff. 7/1/2019.
Acts 1981, No. 730, § 13; A.S.A. 1947, § 84-2123.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 5 - STATE TAXES (§§ 26-50-101 — 26-65-108) › Chapter 58 - SEVERANCE TAXES (§§ 26-58-101 — 26-58-303) › Subchapter 1 - GENERAL PROVISIONS (§§ 26-58-101 — 26-58-129) › Section 26-58-122 - Procedures followed upon failure to pay severance taxes due the Arkansas Forestry Commission

(a)
(1)
In the event that the Arkansas Forestry Commission determines that any individual or corporation has failed to pay all severance taxes due to the commission, the commission shall certify the commission's findings to the Revenue Division of the Department of Finance and Administration.
(2)
Upon receipt thereof, the Secretary of the Department of Finance and Administration shall immediately conduct an investigation of such matter.
(3)
Within thirty (30) days of receipt of the certification, the secretary shall report all findings to the commission.
(b)
If the secretary determines that all severance taxes due the commission are not being or have not been paid, the secretary shall immediately proceed to institute any legal action necessary to collect such tax.
(c)
(1)
In the event the secretary fails to report to the commission within the time specified or the commission disagrees with the findings of the secretary, the State Forester shall file with the Governor, the Legislative Council, and the House Committee on Revenue and Taxation and the Senate Committee on Revenue and Taxation a report of the matter.
(2)
The Governor shall then conduct an investigation into such failure to report by the secretary or disagreement as to tax liability with the commission, take whatever measures the Governor deems necessary to rectify the situation, and shall notify the Legislative Council and the House Committee on Revenue and Taxation and the Senate Committee on Revenue and Taxation of the Governor's decision.
Amended by Act 2019, No. 910,§ 4257, eff. 7/1/2019.
Acts 1981, No. 730, § 12; A.S.A. 1947, § 84-2122; Acts 1997, No. 232, § 2.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 5 - STATE TAXES (§§ 26-50-101 — 26-65-108) › Chapter 58 - SEVERANCE TAXES (§§ 26-58-101 — 26-58-303) › Subchapter 1 - GENERAL PROVISIONS (§§ 26-58-101 — 26-58-129) › Section 26-58-123 - Lien for taxes, penalties, and costs upon natural resources and equipment

The State of Arkansas shall have a lien for the taxes, penalties, and costs imposed by this subchapter upon any and all natural resources and timber severed from the soil or water and also upon any wells, machinery, tools, and implements used in severing such resources, and upon the tract of land from which the natural resources were severed.
Acts 1947, No. 136, § 10; 1983, No. 254, § 8; A.S.A. 1947, § 84-2110.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 5 - STATE TAXES (§§ 26-50-101 — 26-65-108) › Chapter 58 - SEVERANCE TAXES (§§ 26-58-101 — 26-58-303) › Subchapter 1 - GENERAL PROVISIONS (§§ 26-58-101 — 26-58-129) › Section 26-58-125 - Disposition of part of severance tax on salt water

Of the fee levied per one thousand (1,000) barrels in §
26-58-111(9)
, forty-five cents (45¢) shall be deposited into the State Treasury as special revenues, and the Treasurer of State shall credit the amount thereof to the Oil and Gas Commission Fund.
Acts 1983, No. 874, § 2; A.S.A. 1947, § 84-2102a.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 5 - STATE TAXES (§§ 26-50-101 — 26-65-108) › Chapter 58 - SEVERANCE TAXES (§§ 26-58-101 — 26-58-303) › Subchapter 1 - GENERAL PROVISIONS (§§ 26-58-101 — 26-58-129) › Section 26-58-126 - Severance tax rate for lead ore

(a)
The rate of the severance tax on lead ore shall be fifteen cents (15¢) per ton of two thousand pounds (2,000 lbs.) or at ten percent (10%) of market value, whichever rate is the greater.
(b)
The severance tax rate for lead ore under this section shall be in lieu of any rate which would otherwise be applicable under §
26-58-111
.
(c)
The severance tax on lead ore shall be distributed in the same manner as the severance tax on other ores, as provided by §
26-58-124
.
Acts 1993, No. 25, § 2.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 5 - STATE TAXES (§§ 26-50-101 — 26-65-108) › Chapter 58 - SEVERANCE TAXES (§§ 26-58-101 — 26-58-303) › Subchapter 1 - GENERAL PROVISIONS (§§ 26-58-101 — 26-58-129) › Section 26-58-127 - Cost recovery periods for new discovery gas and high-cost gas

(a)
(1)
The one-and-one-half-percent severance tax rate on new discovery gas shall apply to the first twenty-four (24) consecutive calendar months beginning on the date of first production from the new discovery gas well, regardless of whether production commenced prior to January 1, 2009; provided, however, that all production attributable to the period prior to January 1, 2009, shall be taxed at the rate in effect prior to January 1, 2009.
(2)
At the end of the twenty-four-month period, the severance tax rate under §
26-58-111(5)(C)
or §
26-58-111(5)(D)
, as applicable, shall apply.
(b)
(1)
The one-and-one-half-percent severance tax rate on high-cost gas shall apply to the first thirty-six (36) consecutive calendar months beginning on the date of first production from the high-cost gas well, regardless of whether production commenced prior to January 1, 2009; provided, however, that all production attributable to the period prior to January 1, 2009, shall be taxed at the rate in effect prior to January 1, 2009.
(2)
If a high-cost gas well has not achieved payout by the end of the thirty-six-month period, the one-and-one-half-percent severance tax rate shall be extended until the earlier to occur of:
(A)
Payout of the high-cost gas well; or
(B)
Twelve (12) months following the expiration of the original thirty-six-month period.
(3)
The severance tax rate under §
26-58-111(5)(C)
or §
26-58-111(5)(D)
, as applicable, shall apply to high-cost gas at the later of the expiration of the thirty-six-month period or any allowed extension.
Acts 2008 (1st Ex. Sess.), No. 4, § 10; 2008 (1st Ex. Sess.), No. 5, § 10.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 5 - STATE TAXES (§§ 26-50-101 — 26-65-108) › Chapter 58 - SEVERANCE TAXES (§§ 26-58-101 — 26-58-303) › Subchapter 1 - GENERAL PROVISIONS (§§ 26-58-101 — 26-58-129) › Section 26-58-128 - Determination of new discovery gas, high-cost gas, or marginal gas

(a)
The producer of a proposed or existing gas well may apply at any time to the Director of the Oil and Gas Commission for a determination that the well qualifies as a new discovery gas well, a high-cost gas well, or a marginal gas well.
(b)
The director may require an applicant to provide any information required to administer this section.
(c)
The director shall make the determination within fifteen (15) calendar days of the application by the producer, and the producer shall attach the determination to its severance tax form next due.
Acts 2008 (1st Ex. Sess.), No. 4, § 10; 2008 (1st Ex. Sess.), No. 5, § 10.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 5 - STATE TAXES (§§ 26-50-101 — 26-65-108) › Chapter 58 - SEVERANCE TAXES (§§ 26-58-101 — 26-58-303) › Subchapter 1 - GENERAL PROVISIONS (§§ 26-58-101 — 26-58-129) › Section 26-58-129 - Natural gas severance tax payment, apportionment of severance tax between royalty owner and producer, and authority for rulemaking

(a)
The severance tax on natural gas shall be paid in the manner provided in this chapter.
(b)
The portion of the severance tax that is required to be deducted from the royalty owner or other interest shall be calculated in the same manner as the portion of the severance tax borne by the producer.
(c)
The Department of Finance and Administration may promulgate the rules necessary to enforce the provisions of this act.
Acts 2008 (1st Ex. Sess.), No. 4, § 10; 2008 (1st Ex. Sess.), No. 5, § 10.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 5 - STATE TAXES (§§ 26-50-101 — 26-65-108) › Chapter 58 - SEVERANCE TAXES (§§ 26-58-101 — 26-58-303) › Subchapter 2 - TAX CREDITS FOR CERTAIN OIL AND GAS PRODUCERS (§§ 26-58-201 — 26-58-211) › Section 26-58-201 - Definitions

As used in this subchapter:
(1)
(A)
"Approved underground saltwater disposal system" means a system or systems of reinjection of salt water produced as a result of oil or natural gas production into an underground level or stratum, as approved by the Arkansas Pollution Control and Ecology Commission or the Oil and Gas Commission, in which the salt water disposed of and the method of disposing of the salt water does not pose a menace to a fresh water supply or to the lakes and streams of this state.
(B)
"Approved underground saltwater disposal system" does not include any:
(i)
Reinjection system which is designed primarily for the purpose of secondary recovery and pressure maintenance; or
(ii)
Pool that has been unitized for secondary recovery or pressure maintenance by order of the Oil and Gas Commission;
(2)
"Person" means any individual, firm, association, partnership, limited liability company, or corporation;
(3)
"Producer" means the producer of oil or natural gas who is charged with the responsibility of reporting and paying the severance tax on the oil or natural gas as required by the laws of this state;
(4)
"Secretary" means the Secretary of the Department of Finance and Administration or any of his or her duly appointed deputies or agents; and
(5)
"Severance tax" means the severance tax on oil or natural gas produced in this state as levied by §
26-58-107
.
Amended by Act 2019, No. 910,§ 4261, eff. 7/1/2019.
Acts 1959, No. 57, § 1; A.S.A. 1947, § 84-2113; Acts 1995, No. 1160, § 39; 2011, No. 791, § 2.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 5 - STATE TAXES (§§ 26-50-101 — 26-65-108) › Chapter 58 - SEVERANCE TAXES (§§ 26-58-101 — 26-58-303) › Subchapter 2 - TAX CREDITS FOR CERTAIN OIL AND GAS PRODUCERS (§§ 26-58-201 — 26-58-211) › Section 26-58-202 - Applicability

(a)
The benefits of the provisions of this subchapter shall not apply to the severance tax due or payable on oil or natural gas produced from nonsaltwater-producing wells in this state.
(b)
The benefits of the provisions of this subchapter shall not apply to any underground saltwater disposal system that may have been established prior to June 11, 1959, it being the intent of this subchapter that the provisions hereof shall apply only to approved underground saltwater disposal systems established from and after June 11, 1959.
Acts 1959, No. 57, § 2; 1959, No. 138, § 1; A.S.A. 1947, § 84-2114; Acts 2011, No. 791, § 3.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 5 - STATE TAXES (§§ 26-50-101 — 26-65-108) › Chapter 58 - SEVERANCE TAXES (§§ 26-58-101 — 26-58-303) › Subchapter 2 - TAX CREDITS FOR CERTAIN OIL AND GAS PRODUCERS (§§ 26-58-201 — 26-58-211) › Section 26-58-203 - Penalty

Any person violating the provisions of this subchapter shall be guilty of a misdemeanor. A convicted offender shall be punished by a fine of not less than one hundred dollars ($100) nor more than one thousand dollars ($1,000), or be imprisoned not less than thirty (30) days nor more than one (1) year, or be both so fined and imprisoned.
Acts 1959, No. 57, § 8; A.S.A. 1947, § 84-2120.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 5 - STATE TAXES (§§ 26-50-101 — 26-65-108) › Chapter 58 - SEVERANCE TAXES (§§ 26-58-101 — 26-58-303) › Subchapter 2 - TAX CREDITS FOR CERTAIN OIL AND GAS PRODUCERS (§§ 26-58-201 — 26-58-211) › Section 26-58-204 - Severance tax credit for oil producer

An oil producer in this state who provides for the disposition of salt water produced in the production of oil from oil wells of the oil producer in this state by means of an approved underground saltwater disposal system shall be allowed a severance tax credit on all oil produced by the saltwater-producing oil wells in the amount and in the method provided in this subchapter.
Acts 1959, No. 57, § 2; 1959, No. 138, § 1; A.S.A. 1947, § 84-2114; Acts 2011, No. 791, § 4.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 5 - STATE TAXES (§§ 26-50-101 — 26-65-108) › Chapter 58 - SEVERANCE TAXES (§§ 26-58-101 — 26-58-303) › Subchapter 2 - TAX CREDITS FOR CERTAIN OIL AND GAS PRODUCERS (§§ 26-58-201 — 26-58-211) › Section 26-58-205 - Severance tax credit for natural gas producer

A natural gas producer charged with the responsibility of reporting and paying the severance tax on natural gas who provides for the disposal of salt water produced in the production of natural gas by means of an approved underground saltwater disposal system is allowed a severance tax credit on all natural gas produced by the saltwater-producing natural gas wells in the amount and in the method provided in this subchapter.
Acts 1961, No. 138, § 1; A.S.A. 1947, § 84-2121; Acts 2011, No. 791, § 5.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 5 - STATE TAXES (§§ 26-50-101 — 26-65-108) › Chapter 58 - SEVERANCE TAXES (§§ 26-58-101 — 26-58-303) › Subchapter 2 - TAX CREDITS FOR CERTAIN OIL AND GAS PRODUCERS (§§ 26-58-201 — 26-58-211) › Section 26-58-206 - Permit for credit

(a)
A producer in this state wishing to obtain the benefits of the provisions of this subchapter shall make application to the Secretary of the Department of Finance and Administration for a permit to obtain credit on severance taxes due on all oil or natural gas produced in saltwater-producing wells of the producer as provided in this subchapter.
(b)
The application shall list:
(1)
The name and address of the producer;
(2)
The number and location of all saltwater-producing wells of the producer; and
(3)
A certified copy of a certificate from the Arkansas Pollution Control and Ecology Commission and the Oil and Gas Commission certifying that all salt water produced in the production of oil or natural gas in the wells is being disposed of in an approved underground saltwater disposal system.
(c)
If the secretary determines that the producer has complied with the provisions of this subchapter and the rules established by the secretary, the secretary shall issue a permit to the producer.
(d)
The permit shall entitle the producer to obtain a severance tax credit on all oil or natural gas produced in saltwater-producing wells in the amount provided in this subchapter.
Amended by Act 2019, No. 910,§ 4263, eff. 7/1/2019.
Amended by Act 2019, No. 910,§ 4262, eff. 7/1/2019.
Acts 1959, No. 57, § 3; A.S.A. 1947, § 84-2115; Acts 2011, No. 791, § 6.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 5 - STATE TAXES (§§ 26-50-101 — 26-65-108) › Chapter 58 - SEVERANCE TAXES (§§ 26-58-101 — 26-58-303) › Subchapter 2 - TAX CREDITS FOR CERTAIN OIL AND GAS PRODUCERS (§§ 26-58-201 — 26-58-211) › Section 26-58-207 - [Repealed]

Acts 1959, No. 57, § 5; 1959, No. 138, § 2; A.S.A. 1947, § 84-2117, repealed by Acts 2011, No. 791, § 7.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 5 - STATE TAXES (§§ 26-50-101 — 26-65-108) › Chapter 58 - SEVERANCE TAXES (§§ 26-58-101 — 26-58-303) › Subchapter 2 - TAX CREDITS FOR CERTAIN OIL AND GAS PRODUCERS (§§ 26-58-201 — 26-58-211) › Section 26-58-208 - Amounts of credits or tax - Maximum annual credits allowed

(a)
A producer is entitled to an annual severance tax credit that is calculated based upon the cost, as defined in §
26-58-209
, of the producer in maintaining an approved underground saltwater disposal system during the calendar year for which the severance tax credit is approved.
(b)
(1)
The total severance tax credits allowed all oil producers for any calendar year shall not exceed three hundred seventy thousand dollars ($370,000).
(2)
If for any calendar year the total severance tax credits of all oil producers operating, utilizing, or maintaining approved underground saltwater disposal systems exceed the total maximum allowable severance tax credits provided in subdivision (b)(1) of this section, the Secretary of the Department of Finance and Administration shall prorate the allowable severance tax credits among the respective oil producers in the proportion that the severance tax credits due each oil producer bear to the total of all severance tax credits due all qualifying oil producers.
(c)
(1)
The total severance tax credits allowed all natural gas producers for any calendar year shall not exceed three hundred seventy thousand dollars ($370,000).
(2)
If for any calendar year the total severance tax credits of all natural gas producers operating, utilizing, or maintaining approved underground saltwater disposal systems exceed the total maximum allowable severance tax credits provided in subdivision (c)(1) of this section, the secretary shall prorate the allowable severance tax credits among the respective natural gas producers in the proportion that the severance tax credits due each natural gas producer bear to the total of all severance tax credits due all qualifying natural gas producers.
(d)
(1)
A claim for a severance tax credit shall be filed with the secretary on forms prescribed by the secretary on or before April 1 of the calendar year following the calendar year in which the costs of maintaining the underground saltwater disposal system were incurred.
(2)
A severance tax credit is not allowed for any claim filed after April 1 of the calendar year following the calendar year in which the costs were incurred.
(e)
The amount of the severance tax credit shall be paid to each qualifying and approved producer no later than June 1 of the calendar year following the calendar year in which the costs were incurred.
(f)
Interest shall not accrue or be paid on a severance tax credit allowed under this subchapter.
(g)
The secretary may promulgate rules to administer this section.
Amended by Act 2019, No. 910,§ 4267, eff. 7/1/2019.
Amended by Act 2019, No. 910,§ 4266, eff. 7/1/2019.
Amended by Act 2019, No. 910,§ 4265, eff. 7/1/2019.
Amended by Act 2019, No. 910,§ 4264, eff. 7/1/2019.
Acts 1959, No. 57, § 5; 1959, No. 138, § 2; A.S.A. 1947, § 84-2117; Acts 2011, No. 791, § 8.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 5 - STATE TAXES (§§ 26-50-101 — 26-65-108) › Chapter 58 - SEVERANCE TAXES (§§ 26-58-101 — 26-58-303) › Subchapter 2 - TAX CREDITS FOR CERTAIN OIL AND GAS PRODUCERS (§§ 26-58-201 — 26-58-211) › Section 26-58-209 - Cost of maintaining saltwater disposal system

The cost of a producer in maintaining an approved underground saltwater disposal system for the purposes of this subchapter shall include the following:
(1)
An allowance, to be spread equally over each severance tax reporting period, for depreciation of the actual cash investment of the producer in the constructing, equipping, and improving of an approved underground saltwater disposal system, which depreciation period shall not be less than five (5) years nor more than ten (10) years as may be approved by the Secretary of the Department of Finance and Administration;
(2)
The actual cash outlay of the producer in purchasing stock in a business or corporation organized exclusively for the purpose of constructing and operating an approved underground saltwater disposal system; and
(3)
(A)
The actual expenses of the producer in operating and maintaining an approved underground saltwater disposal system.
(B)
These expenses shall include the cost of labor, supplies, materials, utilities, and other necessary operating expenses.
(C)
For a producer who purchases the services of an approved underground saltwater disposal business or corporation for disposing of salt water produced in the production of oil or natural gas by the producer, the actual cost of the service is deemed to be the cost of the producer within the meaning of this section.
Amended by Act 2019, No. 910,§ 4268, eff. 7/1/2019.
Acts 1959, No. 57, § 6; A.S.A. 1947, § 84-2118; Acts 2009, No. 655, § 103; 2011, No. 791, § 9.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 5 - STATE TAXES (§§ 26-50-101 — 26-65-108) › Chapter 58 - SEVERANCE TAXES (§§ 26-58-101 — 26-58-303) › Subchapter 2 - TAX CREDITS FOR CERTAIN OIL AND GAS PRODUCERS (§§ 26-58-201 — 26-58-211) › Section 26-58-210 - Records

A producer obtaining the benefits of the provisions of this subchapter shall maintain for a period of not less than three (3) years such records as may be required by the Secretary of the Department of Finance and Administration that may be necessary to justify the cost credits allowed by this subchapter.
Amended by Act 2019, No. 910,§ 4269, eff. 7/1/2019.
Acts 1959, No. 57, § 5; 1959, No. 138, § 2; A.S.A. 1947, § 84-2117; Acts 2011, No. 791, § 10.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 5 - STATE TAXES (§§ 26-50-101 — 26-65-108) › Chapter 58 - SEVERANCE TAXES (§§ 26-58-101 — 26-58-303) › Subchapter 3 - ADDITIONAL OIL AND BRINE TAXES (§§ 26-58-301 — 26-58-303) › Section 26-58-301 - Levy for benefit of Arkansas Museum of Natural Resources Fund

(a)
(1)
In addition to the severance tax on oil produced in the State of Arkansas and levied in §
26-58-111(6)
, there is levied an additional tax of five (5) mills per barrel of oil produced in this state.
(2)
All taxes, interest, and penalties collected by the Revenue Division of the Department of Finance and Administration under this subsection shall be deposited into the State Treasury as special revenues, and the Treasurer of State after deducting from these special revenues the three percent (3%) provided by law for credit to the Constitutional Officers Fund and the State Central Services Fund shall credit the net amount to the Arkansas Museum of Natural Resources Fund to be used for the construction, maintenance, operation, and improvement of the Arkansas Museum of Natural Resources.
(b)
(1)
There is levied upon all brine produced in the state for the purpose of bromine extraction a tax of twenty cents (20¢) per one thousand (1,000) barrels.
(2)
The taxes levied in this subsection shall be reported and remitted monthly to the Secretary of the Department of Finance and Administration on such forms and in such manner as the secretary shall prescribe by rules.
(3)
All revenues collected by the secretary under the tax levied in this subsection shall be deposited into the State Treasury as special revenues, and the Treasurer of State after deducting from these special revenues the three percent (3%) provided by law for credit to the Constitutional Officers Fund and the State Central Services Fund shall credit the net amount to the Arkansas Museum of Natural Resources Fund to be used for the construction, maintenance, operation, and improvement of the Arkansas Museum of Natural Resources.
Amended by Act 2019, No. 315,§ 3045, eff. 7/24/2019.
Amended by Act 2019, No. 910,§ 4270, eff. 7/1/2019.
Acts 1977, No. 310, § 4; 1979, No. 759, § 5; 1979, No. 832, § 13; A.S.A. 1947, §§ 84-2102.1, 84-2102.2; Acts 2011, No. 983, § 22.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 5 - STATE TAXES (§§ 26-50-101 — 26-65-108) › Chapter 58 - SEVERANCE TAXES (§§ 26-58-101 — 26-58-303) › Subchapter 3 - ADDITIONAL OIL AND BRINE TAXES (§§ 26-58-301 — 26-58-303) › Section 26-58-302 - Additional levy for benefit of Arkansas Museum of Natural Resources Fund

(a)
(1)
There is levied a tax of two cents (2¢) per barrel of oil produced in this state.
(2)
The taxes shall be reported and paid monthly to the Secretary of the Department of Finance and Administration by each producer of oil in such manner and upon such forms as the secretary shall prescribe.
(b)
(1)
There is levied a tax of ten cents (10¢) per one thousand (1,000) barrels on all brine produced in this state for the purpose of bromine extraction.
(2)
The tax shall be reported and paid monthly to the secretary by each producer of brine and oil in such manner and upon such forms as the secretary may prescribe.
(c)
(1)
Funds collected by the secretary under this section are classified as cash fund receipts, and the full amount of the funds shall be deposited into one (1) or more accounts in one (1) or more banks in this state, which account or accounts shall be designated the "Arkansas Museum of Natural Resources Fund".
(2)
All funds in such accounts shall be used exclusively for the maintenance, operation, and construction of the Arkansas Museum of Natural Resources.
(d)
The taxes levied by this section shall be in addition to any and all other fees and taxes levied on oil and brine produced in this state.
Amended by Act 2019, No. 910,§ 4273, eff. 7/1/2019.
Amended by Act 2019, No. 910,§ 4272, eff. 7/1/2019.
Amended by Act 2019, No. 910,§ 4271, eff. 7/1/2019.
Acts 1981 (1st Ex. Sess.), No. 22, §§ 1-4; A.S.A. 1947, §§ 84-2102.7 -- 84-2102.10; Acts 2009, No. 655, § 104.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 5 - STATE TAXES (§§ 26-50-101 — 26-65-108) › Chapter 58 - SEVERANCE TAXES (§§ 26-58-101 — 26-58-303) › Subchapter 3 - ADDITIONAL OIL AND BRINE TAXES (§§ 26-58-301 — 26-58-303) › Section 26-58-303 - Levy for benefit of Arkansas Museum of Natural Resources Bond Redemption Fund

(a)
(1)
There is levied a fee of twenty (20) mills on each barrel of oil produced in this state.
(2)
The fee shall be reported and paid monthly to the Secretary of the Department of Finance and Administration by each producer of oil in such manner and upon such forms as the secretary shall prescribe.
(b)
(1)
There is levied a fee of ten cents (10¢) per one thousand (1,000) barrels on all brine produced in this state for the purpose of bromine extraction.
(2)
The fee shall be reported and paid monthly to the secretary by each producer of brine and oil in such manner and upon such forms as the secretary shall prescribe.
(c)
(1)
Funds collected by the secretary under this section are classified as cash fund receipts, and the full amount of the funds shall be deposited into one (1) or more accounts in one (1) or more banks in this state, to be designated by the Department of Finance and Administration, which account or accounts shall be designated the "Arkansas Museum of Natural Resources Bond Redemption Fund".
(2)
All funds in the fund shall be used exclusively for the payment of principal and interest on bonds issued by the Oil and Gas Commission or the Arkansas Pollution Control and Ecology Commission pursuant to the authority granted herein, and for paying agent's fees and other expenses of the issuance and sale of such bonds.
(d)
The fees levied by this section shall be in addition to any and all other fees levied on oil and brine produced in this state.
Amended by Act 2019, No. 910,§ 4275, eff. 7/1/2019.
Amended by Act 2019, No. 910,§ 4274, eff. 7/1/2019.
Acts 1980 (1st Ex. Sess.), No. 71, §§ 2-5; A.S.A. 1947, §§ 84-2102.3 -- 84-2102.6; Acts 2009, No. 655, § 105.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 5 - STATE TAXES (§§ 26-50-101 — 26-65-108) › Chapter 59 - ESTATE TAXES (§§ 26-59-101 — 26-59-122) › Section 26-59-101 - Title

This chapter may be cited as the "Estate Tax Law of Arkansas".
Acts 1941, No. 136, § 1; A.S.A. 1947, § 63-101.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 5 - STATE TAXES (§§ 26-50-101 — 26-65-108) › Chapter 59 - ESTATE TAXES (§§ 26-59-101 — 26-59-122) › Section 26-59-102 - Definitions

As used in this chapter:
(1)
"Decedent" includes the testator, intestate, grantor, bargainor, vendor, or donor;
(2)
"Executor" means the executor, administrator, curator, fiduciary, or custodian of property of a decedent, or if there is no executor, administrator, curator, fiduciary, or custodian appointed, qualified, and acting, then any person who is in the actual or constructive possession of any property included in the gross estate of the decedent;
(3)
"Gross estate" means the gross estate as determined under the provisions of the applicable federal revenue act;
(4)
"Net estate" means the net estate as determined under the provisions of the applicable federal revenue act;
(5)
"Nonresident" means an individual or natural person domiciled without the State of Arkansas;
(6)
"Person" means an individual, natural person, corporation, association, partnership, limited liability company, joint-stock company, business trust, and inter vivos trust;
(7)
"Resident" means an individual or natural person domiciled in the State of Arkansas as provided by statute or otherwise;
(8)
"Tangible personal property" means corporeal personal property, including money; and
(9)
"Transfer" shall be taken to include the passing of property or any interest therein, in possession or enjoyment, present or future, by inheritance, descent, devise, succession, bequest, grant, deed, bargain, sale, gift, or appointment in the manner described in this chapter.
Amended by Act 2019, No. 910,§ 4276, eff. 7/1/2019.
Acts 1941, No. 136, § 2; 1945, No. 294, § 1; A.S.A. 1947, § 63-102; Acts 1995, No. 1160, § 40.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 5 - STATE TAXES (§§ 26-50-101 — 26-65-108) › Chapter 59 - ESTATE TAXES (§§ 26-59-101 — 26-59-122) › Section 26-59-103 - Chapter to remain in effect while United States Government imposes estate tax

This chapter shall remain in force and effect so long as the United States Government retains in full force and effect, as a part of the revenue laws of the United States, the present federal estate tax, and this chapter shall cease to be operative when the federal credit for state death taxes set forth in
26 U.S.C. § 2011
[repealed] is repealed completely for the estates of decedents dying on or after January 1, 2005.
Acts 1941, No. 136, § 46; A.S.A. 1947, § 63-145; Acts 2003, No. 645, § 1.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 5 - STATE TAXES (§§ 26-50-101 — 26-65-108) › Chapter 59 - ESTATE TAXES (§§ 26-59-101 — 26-59-122) › Section 26-59-104 - Federal rules of interpretation applicable

When not otherwise provided for in this chapter, the rules of interpretation and construction applicable to the estate tax laws of the United States shall apply to and be followed in the interpretation of this chapter.
Acts 1941, No. 136, § 49; A.S.A. 1947, § 63-146.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 5 - STATE TAXES (§§ 26-50-101 — 26-65-108) › Chapter 59 - ESTATE TAXES (§§ 26-59-101 — 26-59-122) › Section 26-59-105 - Administration and enforcement of chapter

Except as otherwise provided in this chapter, the Secretary of the Department of Finance and Administration shall have jurisdiction and be charged with the administration and enforcement of the provisions of this chapter.
Amended by Act 2019, No. 910,§ 4277, eff. 7/1/2019.
Acts 1941, No. 136, § 6; A.S.A. 1947, § 63-105.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 5 - STATE TAXES (§§ 26-50-101 — 26-65-108) › Chapter 59 - ESTATE TAXES (§§ 26-59-101 — 26-59-122) › Section 26-59-106 - Amount of tax imposed - Resident estates

(a)
A tax is imposed upon the transfer of real estate and personal property of every kind owned by every person who at the time of death was a resident of the State of Arkansas, the amount of which shall be a sum equal to the federal credit allowable under the federal estate tax laws,
26 U.S.C. § 2001
et seq., as in effect on January 1, 2002.
(b)
Ownership of property shall include a share or certificate of indebtedness or other evidence of stock ownership in a foreign company or corporation, which share or certificate is present in this state.
(c)
(1)
(A)
If any portion of the property of the estate is located in another state and the other state participates in the federal credit allowable, then the Arkansas tax shall be the proportional part of the credit allowable as the Arkansas property bears to the entire estate.
(B)
However, if the other state shall have a reciprocal provision as to the nontaxability of property of a nonresident, then all of the federal credit allowable shall be paid to this state.
(2)
However, if no federal estate tax is imposed upon the transfer of property, no Arkansas estate tax shall be imposed on the transfer of property.
Acts 1941, No. 136, § 3; 1945, No. 294, § 2; 1953, No. 188, § 1; 1983, No. 379, § 17; A.S.A. 1947, § 63-103; Acts 1999, No. 1126, § 40; 2003, No. 645, § 2.