reglab/statecodes huggingface dataset:
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 4 - COLLECTION AND ENFORCEMENT (§§ 26-34-101 — 26-39-503) › Chapter 39 - SETTLEMENT OF MONEYS COLLECTED (§§ 26-39-201 — 26-39-503) › Subchapter 2 - PAYMENT OF FUNDS GENERALLY (§§ 26-39-201 — 26-39-221) › Section 26-39-201 - Time for payment

(a)
(1)
A county clerk, probate clerk, circuit clerk, county sheriff, county collector, or any other county official shall pay over to the county treasurer on the first of each month, or within ten (10) days thereafter, all funds in his or her possession belonging to the county or its subdivisions that are by law required to be paid into the county treasury, whether taxes, fines, or any moneys that are collected for any purpose by law and belonging to the county.
(2)
Inmate commissary trust account balances belonging to the inmate and held by the county sheriff are not deemed county funds and are not subject to this section.
(b)
(1)
This section does not mean that the county collector shall make a distribution of taxes to all funds but that he or she shall settle with the county treasurer in a lump sum, and the county treasurer shall credit it to the county collector's unapportioned account.
(2)
Upon the issuance of a certificate of the county clerk or other county officer designated pursuant to §
26-28-102(a)
that is issued on or before the fifteenth day of each month, the county treasurer shall transfer to the various funds ninety percent (90%) of the advance payments made by the county collector during the collecting period and, upon final settlement, the proper adjustments shall be made with the various accounts, and the balance remaining in the unapportioned account shall be distributed upon order of the county court approving the final settlement of the county collector.
Amended by Act 2023, No. 472,§ 6, eff. 8/1/2023.
Amended by Act 2019, No. 310,§ 7, eff. 7/24/2019.
Amended by Act 2015, No. 741,§ 5, eff. 1/1/2016.
Amended by Act 2013, No. 1158,§ 4, eff. 8/16/2013.
Acts 1935, No. 282, § 7; Pope's Dig., § 13905; Acts 1973, No. 160, § 1; A.S.A. 1947, § 84-1401; Acts 1995, No. 856, § 1; 2009, No. 721, § 2; 2011, No. 617, § 4.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 4 - COLLECTION AND ENFORCEMENT (§§ 26-34-101 — 26-39-503) › Chapter 39 - SETTLEMENT OF MONEYS COLLECTED (§§ 26-39-201 — 26-39-503) › Subchapter 2 - PAYMENT OF FUNDS GENERALLY (§§ 26-39-201 — 26-39-221) › Section 26-39-204 - County collector to pay in kind

(a)
The county collector shall pay into the State Treasury and the county treasury, in kind, all money collected by him or her, whether specie, United States paper currency, national bank notes, silver or gold certificates, or warrants or scrip, or check drawn on the county collector's account, as authorized by law to be received.
(b)
Every county collector or other officer who shall fail to comply with the provisions of this section shall:
(1)
Be fined one hundred dollars ($100) for each violation;
(2)
Be held liable on his or her official bond for the difference in value between the funds received and those paid; and
(3)
Not be eligible to hold any office of trust in this state.
Acts 1883, No. 114, § 113, p. 199; C. & M. Dig., § 10046; Pope's Dig., § 13805; A.S.A. 1947, § 84-1402; Acts 2003, No. 295, § 9.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 4 - COLLECTION AND ENFORCEMENT (§§ 26-34-101 — 26-39-503) › Chapter 39 - SETTLEMENT OF MONEYS COLLECTED (§§ 26-39-201 — 26-39-503) › Subchapter 2 - PAYMENT OF FUNDS GENERALLY (§§ 26-39-201 — 26-39-221) › Section 26-39-206 - Settlement for other moneys received

(a)
In like manner and time as provided in §
26-39-205
[repealed], the county sheriff or county collector shall be required to settle his or her accounts of all moneys received by him or her on account of taxes, fines, penalties, and judgments. They shall be entered of record, so as to show:
(1)
What is due the state and county, respectively;
(2)
From what officer received;
(3)
From what branch of revenue; and
(4)
The particular fund, if any, to which it belongs.
(b)
If any county collector shall fail to make settlement with the county court at the time required, he or she shall be attached until he or she makes a settlement. Immediately after settlement with the county court, the county clerk shall certify to the Auditor of State the amount due the state. The county collector shall, within fifteen (15) days, pay the sums into the State Treasury and, in ten (10) days, pay over to the county treasurer all sums due the county.
Acts 1883, No. 114, § 185, p. 199; C. & M. Dig., § 10147; Pope's Dig., § 13929; A.S.A. 1947, § 84-1426.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 4 - COLLECTION AND ENFORCEMENT (§§ 26-34-101 — 26-39-503) › Chapter 39 - SETTLEMENT OF MONEYS COLLECTED (§§ 26-39-201 — 26-39-503) › Subchapter 2 - PAYMENT OF FUNDS GENERALLY (§§ 26-39-201 — 26-39-221) › Section 26-39-207 - Taxes on convictions, etc

The county sheriff shall collect and account for all taxes due upon convictions and all fines, forfeitures, and other sums of money, by whatever name designated, owing to the state or any county by virtue of any order, judgment, or decree of a court of record.
Acts 1883, No. 114, § 186, p. 199; C. & M. Dig., § 10148; Pope's Dig., § 13930; A.S.A. 1947, § 84-1427.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 4 - COLLECTION AND ENFORCEMENT (§§ 26-34-101 — 26-39-503) › Chapter 39 - SETTLEMENT OF MONEYS COLLECTED (§§ 26-39-201 — 26-39-503) › Subchapter 2 - PAYMENT OF FUNDS GENERALLY (§§ 26-39-201 — 26-39-221) › Section 26-39-208 - Duplicate receipts given for funds received

(a)
Whenever the county sheriff or county collector shall receive the amount due from any officer by voluntary payment or by the sale of goods and chattels, he or she shall give the officer duplicate receipts for it, stating therein:
(1)
The whole amount received;
(2)
How much for the state;
(3)
How much for the county; and
(4)
The particular fund to which it belongs.
(b)
The officer taking the receipts shall, without delay, deposit one (1) of the receipts with the county clerk.
Acts 1883, No. 114, § 187, p. 199; C. & M. Dig., § 10149; Pope's Dig., § 13931; A.S.A. 1947, § 84-1428.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 4 - COLLECTION AND ENFORCEMENT (§§ 26-34-101 — 26-39-503) › Chapter 39 - SETTLEMENT OF MONEYS COLLECTED (§§ 26-39-201 — 26-39-503) › Subchapter 2 - PAYMENT OF FUNDS GENERALLY (§§ 26-39-201 — 26-39-221) › Section 26-39-209 - Charging of funds

(a)
The county clerk shall charge the county sheriff or county collector and county treasurer with all moneys that may come into their hands by virtue of any of the provisions of this subtitle.
(b)
(1)
The money received for penalty and costs of advertising shall be first applied by the county sheriff or county collector to the cost of advertising delinquent lands, and the surplus, if any, paid into the county treasury at the time of his or her annual settlement.
(2)
Should there not be sufficient penalty and costs of advertising to pay the cost of advertising delinquent lands, the balance shall be paid out of the county treasury.
Acts 1883, No. 114, § 188, p. 199; C. & M. Dig., § 10150; Pope's Dig., § 13932; A.S.A. 1947, § 84-1429.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 4 - COLLECTION AND ENFORCEMENT (§§ 26-34-101 — 26-39-503) › Chapter 39 - SETTLEMENT OF MONEYS COLLECTED (§§ 26-39-201 — 26-39-503) › Subchapter 2 - PAYMENT OF FUNDS GENERALLY (§§ 26-39-201 — 26-39-221) › Section 26-39-210 - Record of settlement

(a)
Whenever the county court shall make a settlement with any officer, the substance thereof shall be entered of record so as to show separately:
(1)
The whole amount received by the officer;
(2)
The amount of commission allowed him or her;
(3)
How much remains due to the state and how much to the county; and
(4)
On what account each sum of money was received and to what particular fund, if any, it belongs.
(b)
All officers who shall have made settlements with the county courts as provided in this chapter shall immediately pay to the county treasurer the full amount with which they shall stand charged on their settlement. In default thereof, the county sheriff or county collector shall enforce the payment in the manner and by the means prescribed in this subtitle for enforcing the collection of taxes.
Acts 1883, No. 114, §§ 192, 193, p. 199; C. & M. Dig., §§ 10154, 10155; Pope's Dig., §§ 13936, 13937; A.S.A. 1947, §§ 84-1431, 84-1432.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 4 - COLLECTION AND ENFORCEMENT (§§ 26-34-101 — 26-39-503) › Chapter 39 - SETTLEMENT OF MONEYS COLLECTED (§§ 26-39-201 — 26-39-503) › Subchapter 2 - PAYMENT OF FUNDS GENERALLY (§§ 26-39-201 — 26-39-221) › Section 26-39-211 - Deficit in settlement

If the settlement of the county collectors or county sheriffs with the county clerks shows any other deficit than that authorized by the provisions of this chapter, it shall be the duty of the county court to immediately notify the prosecuting attorney for the county in which the county collector or county sheriff resides of that fact. Upon notice, it shall be the duty of the prosecuting attorney to immediately bring suit against the county collector or county sheriff and his or her securities for the amount of the deficiency, and also to prosecute the county collector or county sheriff by indictment for malfeasance in office.
Acts 1883, No. 114, § 225, p. 199; C. & M. Dig., § 10196; Pope's Dig., § 13979; A.S.A. 1947, § 84-1433.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 4 - COLLECTION AND ENFORCEMENT (§§ 26-34-101 — 26-39-503) › Chapter 39 - SETTLEMENT OF MONEYS COLLECTED (§§ 26-39-201 — 26-39-503) › Subchapter 2 - PAYMENT OF FUNDS GENERALLY (§§ 26-39-201 — 26-39-221) › Section 26-39-212 - Failure to make settlement

Every officer required to make settlement who shall fail to settle his or her accounts in the time and manner prescribed by law may be attached and imprisoned until settlement shall be made to the satisfaction of the county court to which he or she is accountable.
Acts 1883, No. 114, § 194, p. 199; C. & M. Dig., § 10156; Pope's Dig., § 13938; A.S.A. 1947, § 84-1434.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 4 - COLLECTION AND ENFORCEMENT (§§ 26-34-101 — 26-39-503) › Chapter 39 - SETTLEMENT OF MONEYS COLLECTED (§§ 26-39-201 — 26-39-503) › Subchapter 2 - PAYMENT OF FUNDS GENERALLY (§§ 26-39-201 — 26-39-221) › Section 26-39-213 - Failure to pay amount due

Every officer who shall fail to pay the amount due from him or her on settlement and who shall be returned by the county collector or county treasurer to the county court as a delinquent, so that the county collector or county treasurer shall be credited in their accounts with the amount of the delinquency, shall forfeit five percent (5%) per month on the amount due from the time it ought to have been paid, until collected, which may be collected by suit on his or her official bond.
Acts 1883, No. 114, § 195, p. 199; C. & M. Dig., § 10157; Pope's Dig., § 13939; A.S.A. 1947, § 84-1435.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 4 - COLLECTION AND ENFORCEMENT (§§ 26-34-101 — 26-39-503) › Chapter 39 - SETTLEMENT OF MONEYS COLLECTED (§§ 26-39-201 — 26-39-503) › Subchapter 2 - PAYMENT OF FUNDS GENERALLY (§§ 26-39-201 — 26-39-221) › Section 26-39-214 - Adjustment on failure to settle

(a)
If any person chargeable shall neglect to render true accounts or settle as provided in this chapter, the county court shall adjust the accounts of the delinquent officer according to the best information that can be obtained and ascertain the balance due the county.
(b)
In these cases, the county court may refuse to allow any commission to the delinquent officer, and he or she shall moreover, without delay, pay into the county treasury the balance found due as indicated.
Acts 1883, No. 114, §§ 196, 197, p. 199; C. & M. Dig., §§ 10158, 10159; Pope's Dig., §§ 13940, 13941; A.S.A. 1947, §§ 84-1436, 84-1437.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 4 - COLLECTION AND ENFORCEMENT (§§ 26-34-101 — 26-39-503) › Chapter 39 - SETTLEMENT OF MONEYS COLLECTED (§§ 26-39-201 — 26-39-503) › Subchapter 2 - PAYMENT OF FUNDS GENERALLY (§§ 26-39-201 — 26-39-221) › Section 26-39-215 - Failure of delinquent officer to pay

If a delinquent officer shall not pay the amount found due the county and produce the county treasurer's receipt therefor within ten (10) days after the balance is ascertained, the county clerk shall charge the delinquent, as a penalty for such failure, twenty-five percent (25%) on the amount then due.
Acts 1883, No. 114, § 198, p. 199; C. & M. Dig., § 10160; Pope's Dig., § 13942; A.S.A. 1947, § 84-1438.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 4 - COLLECTION AND ENFORCEMENT (§§ 26-34-101 — 26-39-503) › Chapter 39 - SETTLEMENT OF MONEYS COLLECTED (§§ 26-39-201 — 26-39-503) › Subchapter 2 - PAYMENT OF FUNDS GENERALLY (§§ 26-39-201 — 26-39-221) › Section 26-39-216 - Judgment for amount due

Unless a delinquent officer shall appear upon the first day of the next succeeding session of the county court and show good cause for setting aside the settlement, the county court shall enter judgment for the amount due with the penalty added thereon, and fifty percent (50%) per annum, until it shall be paid and may issue execution thereon.
Acts 1883, No. 114, § 199, p. 199; C. & M. Dig., § 10161; Pope's Dig., § 13943; A.S.A. 1947, § 84-1439.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 4 - COLLECTION AND ENFORCEMENT (§§ 26-34-101 — 26-39-503) › Chapter 39 - SETTLEMENT OF MONEYS COLLECTED (§§ 26-39-201 — 26-39-503) › Subchapter 2 - PAYMENT OF FUNDS GENERALLY (§§ 26-39-201 — 26-39-221) › Section 26-39-217 - Reexamination of settlement

If good cause be shown for setting aside the settlement, the county court may reexamine, settle, and adjust it according to law and may remit any penalty that may have been imposed.
Acts 1883, No. 114, § 200, p. 199; C. & M. Dig., § 10162; Pope's Dig., § 13944; A.S.A. 1947, § 84-1440.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 4 - COLLECTION AND ENFORCEMENT (§§ 26-34-101 — 26-39-503) › Chapter 39 - SETTLEMENT OF MONEYS COLLECTED (§§ 26-39-201 — 26-39-503) › Subchapter 2 - PAYMENT OF FUNDS GENERALLY (§§ 26-39-201 — 26-39-221) › Section 26-39-218 - Lien for balance due

The amount or balance of every account settled and due to the county shall be a lien from the date of the settlement of the account on the real estate and personal property of the delinquent officer situated in the county wherein each delinquent lives.
Acts 1883, No. 114, § 201, p. 199; C. & M. Dig., § 10163; Pope's Dig., § 13945; A.S.A. 1947, § 84-1441.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 4 - COLLECTION AND ENFORCEMENT (§§ 26-34-101 — 26-39-503) › Chapter 39 - SETTLEMENT OF MONEYS COLLECTED (§§ 26-39-201 — 26-39-503) › Subchapter 2 - PAYMENT OF FUNDS GENERALLY (§§ 26-39-201 — 26-39-221) › Section 26-39-219 - Judgment against delinquent officers and securities

When any balance shall be found against any county clerk, county sheriff, county collector, county coroner, constable, or other officer for moneys accruing to the county treasury and it shall not be paid within the time prescribed by law, it shall be lawful for the county court, fifteen (15) days' notice being given to the delinquent officers and their securities, to render judgment against the delinquents and their securities for the amount of all moneys ascertained to be due the county and issue execution therefor.
Acts 1883, No. 114, § 202, p. 199; C. & M. Dig., § 10164; Pope's Dig., § 13946; A.S.A. 1947, § 84-1442.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 4 - COLLECTION AND ENFORCEMENT (§§ 26-34-101 — 26-39-503) › Chapter 39 - SETTLEMENT OF MONEYS COLLECTED (§§ 26-39-201 — 26-39-503) › Subchapter 2 - PAYMENT OF FUNDS GENERALLY (§§ 26-39-201 — 26-39-221) › Section 26-39-220 - Adjustment of errors

(a)
(1)
The county court has the duty to reconsider and adjust the settlement of any county officer made with the county court, including, but not limited to, the final tax settlement and distribution for any error discovered within three (3) years from the date of the settlement.
(2)
Adjustment of an error shall be made within the year of discovery.
(b)
Upon discovery of any error in the settlement after three (3) years, but within five (5) years from the date of the settlement, the county judge has the duty to petition the circuit court to obtain an order to correct the errors.
Acts 1883, No. 114, § 203, p. 199; C. & M. Dig., § 10165; Acts 1927, No. 339, § 1; Pope's Dig., § 13947; Acts 1985, No. 239, § 1; A.S.A. 1947, § 84-1443.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 4 - COLLECTION AND ENFORCEMENT (§§ 26-34-101 — 26-39-503) › Chapter 39 - SETTLEMENT OF MONEYS COLLECTED (§§ 26-39-201 — 26-39-503) › Subchapter 2 - PAYMENT OF FUNDS GENERALLY (§§ 26-39-201 — 26-39-221) › Section 26-39-221 - Notice of reexamination

Before any settlement shall be reexamined, it shall be the duty of the county court to give the officer ten (10) days' notice of the time and place where the settlement will be adjusted.
Acts 1883, No. 114, § 204, p. 199; C. & M. Dig., § 10166; Pope's Dig., § 13948; A.S.A. 1947, § 84-1444.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 4 - COLLECTION AND ENFORCEMENT (§§ 26-34-101 — 26-39-503) › Chapter 39 - SETTLEMENT OF MONEYS COLLECTED (§§ 26-39-201 — 26-39-503) › Subchapter 3 - REPORT OF DELINQUENT TAXPAYERS (§§ 26-39-301 — 26-39-302) › Section 26-39-301 - Penalty

Any county collector who shall fail to file with the county clerk a full and complete list of all delinquent personal taxes on the day required by law shall be guilty of a violation punishable by a fine of one hundred dollars ($100) or removal from office.
Acts 1935, No. 282, § 2; Pope's Dig., § 13903; Acts 1941, No. 64, § 1; 1981, No. 846, § 1; A.S.A. 1947, § 84-1410; 2005, No. 1994, § 171.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 4 - COLLECTION AND ENFORCEMENT (§§ 26-34-101 — 26-39-503) › Chapter 39 - SETTLEMENT OF MONEYS COLLECTED (§§ 26-39-201 — 26-39-503) › Subchapter 4 - SETTLEMENT OF COUNTY COLLECTORS' ACCOUNTS (§§ 26-39-401 — 26-39-407) › Section 26-39-401 - Penalty

Any county clerk or other county officer designated pursuant to §
26-28-102(a)
who fails to set up the settlement of the county collector setting forth the amount due the various funds on or before the fourth Monday of December of each year upon conviction is guilty of a violation punishable by a fine of one hundred dollars ($100) or removal from office.
Acts 1935, No. 282, § 2; Pope's Dig., § 13904; Acts 1941, No. 64, § 1; 1981, No. 846, § 1; A.S.A. 1947, § 84-1410; Acts 2005, No. 1994, § 172; 2009, No. 721, § 3.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 4 - COLLECTION AND ENFORCEMENT (§§ 26-34-101 — 26-39-503) › Chapter 39 - SETTLEMENT OF MONEYS COLLECTED (§§ 26-39-201 — 26-39-503) › Subchapter 4 - SETTLEMENT OF COUNTY COLLECTORS' ACCOUNTS (§§ 26-39-401 — 26-39-407) › Section 26-39-402 - Review by county court

(a)
All county collectors' settlements shall be made and filed with the county courts on or before the fourth Monday of December each year.
(b)
(1)
It is the duty of the county courts to pass upon the settlements of the county collectors and to approve, reject, or restate them on or before December 31 of each year.
(2)
Failure of the county judge to so approve, reject, or restate the settlements of the county collector within this period of time shall constitute a misfeasance in office and shall be a violation punishable by a fine of one hundred dollars ($100) or removal from office.
Acts 1935, No. 282, § 2; Pope's Dig., § 13903; Acts 1941, No. 64, § 1; 1981, No. 846, § 1; A.S.A. 1947, § 84-1410; Acts 2005, No. 1994, § 172.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 4 - COLLECTION AND ENFORCEMENT (§§ 26-34-101 — 26-39-503) › Chapter 39 - SETTLEMENT OF MONEYS COLLECTED (§§ 26-39-201 — 26-39-503) › Subchapter 4 - SETTLEMENT OF COUNTY COLLECTORS' ACCOUNTS (§§ 26-39-401 — 26-39-407) › Section 26-39-403 - Approval or rejection

(a)
If the tax settlement shall be found to be correct, the county court shall order the tax settlement spread in full upon the records of the county court.
(b)
(1)
The county clerk or other county officer designated pursuant to §
26-28-102(a)
shall certify to the Auditor of State, without delay, the action of the county court on the tax settlement, whether approved or rejected.
(2)
If rejected, the county clerk or other county officer designated pursuant to §
26-28-102(a)
shall immediately proceed to restate the tax settlement and again submit it to the county court.
Acts 1883, No. 114, § 168, p. 199; 1887, No. 92, § 55, p. 143; C. & M. Dig., § 10125; Pope's Dig., § 13909; A.S.A. 1947, § 84-1411; Acts 2009, No. 721, § 6.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 4 - COLLECTION AND ENFORCEMENT (§§ 26-34-101 — 26-39-503) › Chapter 39 - SETTLEMENT OF MONEYS COLLECTED (§§ 26-39-201 — 26-39-503) › Subchapter 4 - SETTLEMENT OF COUNTY COLLECTORS' ACCOUNTS (§§ 26-39-401 — 26-39-407) › Section 26-39-404 - Settlement with county and county subdivisions

After the tax settlement made with the county collector by the county clerk or other county officer designated pursuant to §
26-28-102(a)
has been examined and acted upon by the county court, as provided in §
26-39-402
, the county collector shall make settlement with the county and its various subdivisions on or before December 30 of each year.
Acts 1941, No. 64, § 5; A.S.A. 1947, § 84-1412; Acts 2003, No. 295, § 10; 2009, No. 721, § 7.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 4 - COLLECTION AND ENFORCEMENT (§§ 26-34-101 — 26-39-503) › Chapter 39 - SETTLEMENT OF MONEYS COLLECTED (§§ 26-39-201 — 26-39-503) › Subchapter 4 - SETTLEMENT OF COUNTY COLLECTORS' ACCOUNTS (§§ 26-39-401 — 26-39-407) › Section 26-39-406 - Distribution to funds

All taxes collected and arising under any law of this state shall be distributed by the Auditor of State if in possession of state authority or if in possession of county authority by the county clerk or other county officer designated pursuant to §
26-28-102(a)
to the several funds to which the taxes belong.
Acts 1883, No. 114, § 207, p. 199; C. & M. Dig., § 10178; Pope's Dig., § 13961; A.S.A. 1947, § 84-1414; Acts 2009, No. 721, § 4.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 4 - COLLECTION AND ENFORCEMENT (§§ 26-34-101 — 26-39-503) › Chapter 39 - SETTLEMENT OF MONEYS COLLECTED (§§ 26-39-201 — 26-39-503) › Subchapter 5 - FAILURE OF COUNTY COLLECTORS TO ACCOUNT (§§ 26-39-501 — 26-39-503) › Section 26-39-501 - Penalty for failing to pay county funds

(a)
Every county collector of the county revenue, having made settlement according to law of the county revenue received and collected by him or her, shall pay the amount found due from him or her into the county treasury, and the county treasurer shall give duplicate receipts therefor, one (1) of which shall be filed by the county collector in the office of the county clerk.
(b)
Every county collector or county sheriff who shall fail to make payment of the amount due from him or her on settlement, in the time and manner prescribed in this section, shall forfeit and pay to the county the sum of five percent (5%) per month on the sum wrongfully withheld, to be computed from the time the payment ought to have been made until actual payment, which may be recovered by suit on his or her official bond.
Acts 1883, No. 114, §§ 189, 190, p. 199; C. & M. Dig., §§ 10151, 10152; Pope's Dig., §§ 13933, 13934; A.S.A. 1947, § 84-1416.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 4 - COLLECTION AND ENFORCEMENT (§§ 26-34-101 — 26-39-503) › Chapter 39 - SETTLEMENT OF MONEYS COLLECTED (§§ 26-39-201 — 26-39-503) › Subchapter 5 - FAILURE OF COUNTY COLLECTORS TO ACCOUNT (§§ 26-39-501 — 26-39-503) › Section 26-39-502 - Penalty for failing to pay state funds

If any county collector and others bound by law to pay money directly into the State Treasury shall fail to pay the amount so found due into the State Treasury and produce the Treasurer of State's receipt to the Auditor of State therefor within fifteen (15) days after the settlement required in §
26-39-404
, the delinquent county collector shall forfeit:
(1)
The commissions allowed him or her by law;
(2)
The sum of twenty-five percent (25%) on the amount; and
(3)
A penalty of five percent (5%) per month on the amount wrongfully withheld, to be computed from the time it ought to have been paid until actual payment. The Auditor of State shall charge the delinquent accordingly, and the amount of principal and forfeitures may be recovered as provided for in this subchapter.
Acts 1883, No. 114, § 171, p. 199; C. & M. Dig., § 10131; Pope's Dig., § 13915; A.S.A. 1947, § 84-1417.
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 50 - GENERAL PROVISIONS (§§ 26-50-101 — 26-50-103) › Section 26-50-101 - Definitions

(a)
As used in §§
26-26-1501
-
26-26-1504
,
26-51-303
,
26-51-407
,
26-51-408
,
26-52-305
, and
26-53-110
, unless the context otherwise requires:
(1)
"Business corporation" means a corporation incorporated under the Arkansas Business Corporation Act, §
4-26-101
et seq.;
(2)
"Financial institution" means a state bank or national bank, a savings and loan association, or a building and loan association as defined in this section;
(3)
"National bank" means a bank chartered under the banking laws of the United States;
(4)
"Savings and loan association" or "building and loan association" means any financial institution or association established and operating under the authority of §
23-37-101
et seq., §
23-37-706
, or under any other appropriate state or federal law; and
(5)
"State bank" means a bank, trust company, or savings bank chartered under the banking laws of this state.
(b)
(1)
It is the purpose of §§
26-26-1501
-
26-26-1504
,
26-51-303
,
26-51-407
,
26-51-408
,
26-52-305
, and
26-53-110
to clarify the law relating to the taxation of state and national banks and savings and loan and building and loan associations chartered under state and federal law and to simplify and to broaden the tax base applicable to such financial institutions.
(2)
It is the intent of §§
26-26-1501
-
26-26-1504
,
26-51-303
,
26-51-407
,
26-51-408
,
26-52-305
, and
26-53-110
to repeal the capital stock tax and, in lieu thereof, to tax state and national banks, savings and loan associations, and building and loan associations, under the existing tax laws generally applicable to business corporations.
Amended by Act 2013, No. 1144,§ 6, eff. 8/16/2013.
Acts 1973, No. 182, §§ 1, 2; A.S.A. 1947, §§ 84-487n, 84-2087.
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 50 - GENERAL PROVISIONS (§§ 26-50-101 — 26-50-103) › Section 26-50-102 - Wholesaler to furnish list of retailers

(a)
(1)
It shall be the duty of all persons, firms, and corporations, and all business establishments of every kind engaged in the wholesale business of selling merchandise in this state to furnish, upon the request in writing of the Secretary of the Department of Finance and Administration of this state, the names of any retailers or other persons to whom sales have been made, together with the amount of the sales for any given period, to be used by the secretary or his or her agents for the purposes of collecting the gross receipts, use, or other tax as may be due this state, but for no other purpose.
(2)
The information provided for shall be furnished to the secretary within thirty (30) days.
(3)
The authority given in this subsection is in addition to any and all authority existing by reason of any statute of this state.
(b)
Any wholesale concern selling merchandise in this state failing and refusing to give the information in writing, as requested by the secretary, is declared to be liable for any and all tax and penalty found to be due by the retailer for such period of time as is determined by the secretary in event the tax is not collectible from the retailer.
(c)
The provisions of this section shall apply to out-of-state wholesalers, their agents, solicitors, salespersons, or collectors. Any person, firm, corporation, solicitor, salesperson, agent, or collector who fails, neglects, or refuses to give the information so requested, in addition to being liable for tax and penalty found due, shall be guilty of aiding in evasion of the payment of such tax and, upon conviction in any court of this state, shall be fined in any sum not less than fifty dollars ($50.00) nor more than one thousand dollars ($1,000) for each offense.
Amended by Act 2019, No. 910,§ 3699, eff. 7/1/2019.
Amended by Act 2019, No. 910,§ 3698, eff. 7/1/2019.
Acts 1949, No. 78, §§ 1-3; A.S.A. 1947, §§ 84-1920 -- 84-1922.
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 50 - GENERAL PROVISIONS (§§ 26-50-101 — 26-50-103) › Section 26-50-103 - Biennial report on certain state taxes

(a)
Before each regular session of the General Assembly, the Secretary of the Department of Finance and Administration shall report to the Legislative Council and the Governor on the effect of each exemption, discount, credit, and deduction relating to state income tax and state sales and use tax.
(b)
(1)
In preparing the report required under subsection (a) of this section, if actual data is not available, the secretary shall use available statistical data to estimate the effect of each exemption, discount, credit, and deduction.
(2)
If the secretary concludes that the effect of an exemption, discount, credit, or deduction cannot be determined, the secretary shall include in the report a complete explanation of why he or she reached that conclusion.
(c)
The report required under subsection (a) of this section:
(1)
Shall include:
(A)
An analysis of each exemption, discount, credit, and deduction that reduces the amount of tax payable, including without limitation:
(i)
An estimate of the loss of revenue for a six-year period beginning with the fiscal year in which the report is submitted; and
(ii)
A citation to the statutory or other legal authority for the exemption, discount, credit, or deduction; and
(B)
For an exemption, discount, credit, or deduction that reduces revenue by more than one percent (1%) of the total revenue for the relevant tax, the effect of the exemption, discount, credit, or deduction on:
(i)
The distribution of the tax burden by:
(a)
Income class; and
(b)
Industry or business class; and
(ii)
Total income by income class; and
(2)
May include:
(A)
An assessment of the intended purpose of each exemption, discount, credit, and deduction and whether the exemption, discount, credit, or deduction is achieving that purpose; and
(B)
A recommendation for retaining, eliminating, or amending the law related to each exemption, discount, credit, and deduction.
(d)
(1)
The secretary may request from any state officer or state agency information necessary to complete the report required under subsection (a) of this section.
(2)
Each state officer and state agency shall cooperate with the secretary in providing information or analysis for the report required under subsection (a) of this section.
Added by Act 2019, No. 819,§ 17, eff. 5/1/2021.
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 51 - INCOME TAXES (§§ 26-51-101 — 26-51-2804) › Subchapter 1 - GENERAL PROVISIONS (§§ 26-51-101 — 26-51-107) › Section 26-51-101 - Title

This act shall be known and may be cited as the "Income Tax Act of 1929".
Acts 1929, No. 118, Art. 1, § 1; Pope's Dig., § 14024; A.S.A. 1947, § 84-2001.
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 51 - INCOME TAXES (§§ 26-51-101 — 26-51-2804) › Subchapter 1 - GENERAL PROVISIONS (§§ 26-51-101 — 26-51-107) › Section 26-51-103 - Captions not to affect interpretation

No caption of any section or set of sections shall in any way affect the interpretation of the Income Tax Act of 1929, §
26-51-101
et seq., or any part thereof.
Acts 1929, No. 118, Art. 9, § 42; Pope's Dig., § 14065; A.S.A. 1947, § 84-2048n.
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 51 - INCOME TAXES (§§ 26-51-101 — 26-51-2804) › Subchapter 1 - GENERAL PROVISIONS (§§ 26-51-101 — 26-51-107) › Section 26-51-104 - Administration

The Secretary of the Department of Finance and Administration shall administer and enforce the tax imposed by the Income Tax Act of 1929, §
26-51-101
et seq.
Amended by Act 2019, No. 910,§ 3701, eff. 7/1/2019.
Acts 1929, No. 118, Art. 8, § 33; Pope's Dig., § 14056; A.S.A. 1947, § 84-2039.
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 51 - INCOME TAXES (§§ 26-51-101 — 26-51-2804) › Subchapter 1 - GENERAL PROVISIONS (§§ 26-51-101 — 26-51-107) › Section 26-51-105 - Income tax director, officers, agents, and employees

(a)
The Secretary of the Department of Finance and Administration, with the approval of the Governor, may appoint and remove a person to be known as the "Income Tax Director" who, under the Secretary of the Department of Finance and Administration's supervision, shall have the direction and control of the assessment and collection of the taxes imposed by the Income Tax Act of 1929, §
26-51-101
et seq.
(b)
The Income Tax Director, with the approval of the Governor, may appoint such other officers, agents, deputies, clerks, and employees as he or she may deem necessary, such appointees to have the duties and powers which the Secretary of the Department of Finance and Administration may from time to time prescribe.
(c)
The salaries of all such officers, agents, and employees shall be fixed by the Secretary of the Department of Finance and Administration not to exceed the amounts appropriated by the General Assembly; and the Secretary of the Department of Finance and Administration and such officers, agents, and employees shall be allowed reasonable and necessary traveling and other expenses incurred in the performance of their duties not to exceed the amounts appropriated by the General Assembly.
(d)
The Secretary of the Department of Finance and Administration may require such of the officers, agents, and employees as he or she may designate to give bond for the faithful performance of their duties and in such sum and with such sureties as he or she may determine, and all premiums on these bonds shall be paid by the Secretary of the Department of Finance and Administration out of moneys appropriated for the purposes of the Income Tax Act of 1929, §
26-51-101
et seq.
Amended by Act 2019, No. 910,§ 3702, eff. 7/1/2019.
Acts 1929, No. 118, Art. 8, § 37; Pope's Dig., § 14060; A.S.A. 1947, § 84-2043.
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 51 - INCOME TAXES (§§ 26-51-101 — 26-51-2804) › Subchapter 1 - GENERAL PROVISIONS (§§ 26-51-101 — 26-51-107) › Section 26-51-106 - Publication of statistics

The Secretary of the Department of Finance and Administration shall prepare and publish annually statistics reasonably available, with respect to the operation of the Income Tax Act of 1929, §
26-51-101
et seq., including amounts collected, classifications of taxpayers, income, exemptions, and such other facts as are deemed pertinent and valuable.
Amended by Act 2019, No. 910,§ 3703, eff. 7/1/2019.
Acts 1929, No. 118, Art. 8, § 39; Pope's Dig., § 14062; A.S.A. 1947, § 84-2045.
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 51 - INCOME TAXES (§§ 26-51-101 — 26-51-2804) › Subchapter 1 - GENERAL PROVISIONS (§§ 26-51-101 — 26-51-107) › Section 26-51-107 - Distribution of tax

(a)
All taxes, interest, penalties, and costs collected under the provisions of the Income Tax Act of 1929, §
26-51-101
et seq., shall be general revenues and shall be deposited into the State Treasury to the credit of the State Apportionment Fund.
(b)
The Treasurer of State, on or before the fifth of the month next following the month during which the revenues shall have been received by him or her, shall allocate and transfer them to the various State Treasury funds in the proportions to each as provided by law, after first transferring to the General Revenue Fund Account an amount equivalent to the cost of collection and other pro rata charges as also provided by law.
Acts 1929, No. 118, Art. 9, § 41; Pope's Dig., § 14064; Acts 1947, No. 135, § 6; A.S.A. 1947, § 84-2047.
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 51 - INCOME TAXES (§§ 26-51-101 — 26-51-2804) › Subchapter 2 - IMPOSITION OF TAX (§§ 26-51-201 — 26-51-207) › Section 26-51-203 - Fiduciaries

(a)
The tax imposed by the Income Tax Act of 1929, §
26-51-101
et seq., shall be imposed upon resident fiduciaries, which tax shall be levied, collected, and paid annually with respect to:
(1)
That part of the net income of estates or trusts which has not been distributed or become distributable to beneficiaries during the income year. In the case of two (2) or more joint fiduciaries, part of whom are nonresidents of this state, such part of the net income shall be treated as if each fiduciary had received an equal share;
(2)
The net income received during the income year by deceased individuals who at the time of death were residents and who have died during the tax year without having made a return; and
(3)
The entire net income of resident insolvent or incompetent individuals, whether or not any portion thereof is held for the future use of the beneficiaries, where the fiduciary has complete charge of the net income.
(b)
The tax imposed upon a fiduciary by the Income Tax Act of 1929, §
26-51-101
et seq., shall be a charge against the estate or trust.
Acts 1929, No. 118, Art. 2, § 5; Pope's Dig., § 14028; A.S.A. 1947, § 84-2005.
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 51 - INCOME TAXES (§§ 26-51-101 — 26-51-2804) › Subchapter 2 - IMPOSITION OF TAX (§§ 26-51-201 — 26-51-207) › Section 26-51-206 - Commercial ventures by churches - Exceptions

(a)
All income derived from the operation of any business or commercial enterprise or the sale, rental, or other disposition of any property used by a church in its operation of a business or commercial enterprise in this state shall be subject to the Arkansas income tax, except where the income is reinvested in similar property, and shall be reported and the Arkansas income tax paid thereon.
(b)
(1)
Income from the interest on the savings and investments from dedicated funds, from the sale of dedicated church property, and from the rental of dedicated church property shall be excluded from the provisions of this section.
(2)
It is not the intent of this section to impose the Arkansas income tax on rentals or gains on sales of dedicated property held only as a passive investment by a church.
(c)
The Secretary of the Department of Finance and Administration is authorized to promulgate reasonable rules to carry out the provisions of this section.
Amended by Act 2019, No. 315,§ 2962, eff. 7/24/2019.
Amended by Act 2019, No. 910,§ 3708, eff. 7/1/2019.
Acts 1987, No. 1040, §§ 3, 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 51 - INCOME TAXES (§§ 26-51-101 — 26-51-2804) › Subchapter 2 - IMPOSITION OF TAX (§§ 26-51-201 — 26-51-207) › Section 26-51-207 - [Repealed]

Repealed by Act 2021, No. 483,§ 5, eff. 7/28/2021.
Acts 2003 (1st Ex. Sess.), No. 38, § 3; 2005, No. 63, § 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 51 - INCOME TAXES (§§ 26-51-101 — 26-51-2804) › Subchapter 3 - EXEMPTIONS AND REDUCED TAX RATES (§§ 26-51-301 — 26-51-316) › Section 26-51-304 - Income from investments made by nonprofit organizations

Income derived from investments made by nonprofit organizations, whether or not the organization is organized or exists under the laws of this state, shall be exempt from state income tax where the income is for the sole purpose of providing pension and annuity benefits to members of the nonprofit organizations.
Acts 1965, No. 149, § 1; A.S.A. 1947, § 84-2006.1.
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 51 - INCOME TAXES (§§ 26-51-101 — 26-51-2804) › Subchapter 3 - EXEMPTIONS AND REDUCED TAX RATES (§§ 26-51-301 — 26-51-316) › Section 26-51-308 - Trusts for qualified deferred compensation plans exempt

An organization or trust described in
26 U.S.C. § 401(a)
, as in effect on January 1, 2009, is exempt from income taxation under the Income Tax Act of 1929, §
26-51-101
et seq.
Acts 1959, No. 202, § 6; 1983, No. 379, § 14; A.S.A. 1947, § 84-2053; Acts 2007, No. 218, § 13; 2009, No. 372, § 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 51 - INCOME TAXES (§§ 26-51-101 — 26-51-2804) › Subchapter 3 - EXEMPTIONS AND REDUCED TAX RATES (§§ 26-51-301 — 26-51-316) › Section 26-51-309 - Charitable remainder trusts

(a)
Title
26 U.S.C. § 664
, as in effect on January 1, 2017, and the regulations of the United States Secretary of the Treasury promulgated under
26 U.S.C. § 664
and in effect on January 1, 2017, are adopted for the purpose of computing the tax liability of charitable remainder trusts and their beneficiaries under the Income Tax Act of 1929, §
26-51-101
et seq.
(b)
Furthermore, any other provision of the federal income tax law and regulations which are necessary for interpreting and implementing
26 U.S.C. § 664
are adopted to the extent as in effect on January 1, 2017.
Amended by Act 2017, No. 155,§ 9, eff. for tax years beginning on and after 1/1/2015.
Acts 1993, No. 1147, § 1805; 1999, No. 1126, § 14; 2007, No. 218, § 14.
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 51 - INCOME TAXES (§§ 26-51-101 — 26-51-2804) › Subchapter 3 - EXEMPTIONS AND REDUCED TAX RATES (§§ 26-51-301 — 26-51-316) › Section 26-51-310 - Foreign income exclusion

Title
26 U.S.C. §§ 911
and
912
, as in effect on January 1, 2007,
26 U.S.C. § 911
regarding citizens or residents of the United States living abroad, and
26 U.S.C. § 912
regarding certain allowances for citizens or residents of the United States living abroad, are adopted for the purpose of computing Arkansas income tax liability.
Acts 1989, No. 826, § 2; 1999, No. 1126, § 15; 2007, No. 218, § 15.
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 51 - INCOME TAXES (§§ 26-51-101 — 26-51-2804) › Subchapter 3 - EXEMPTIONS AND REDUCED TAX RATES (§§ 26-51-301 — 26-51-316) › Section 26-51-311 - Qualified windmill blade manufacturing exemption

(a)
A qualified windmill blade manufacturer that meets the criteria found in subsection (b) of this section is exempt from income taxes levied under the Income Tax Act of 1929, §
26-51-101
et seq., until December 31, 2033.
(b)
A windmill blade manufacturer shall meet the following criteria in order to claim the income tax exemption provided in subsection (a) of this section:
(1)
Shall be classified in the North American Industry Classification System (NAICS) Code 333611, as in effect January 1, 2007;
(2)
Shall locate in the state before December 31, 2007;
(3)
Shall expend a minimum of one hundred fifty million dollars ($150,000,000) in the state within six (6) years of signing a financial incentive agreement with the Arkansas Economic Development Commission; and
(4)
Shall hire a minimum of one thousand (1,000) employees in the state within six (6) years of signing a financial incentive agreement with the commission.
(c)
If any of the criteria under subsection (b) of this section are not met, the income tax exemption in subsection (a) of this section shall expire in the year that the failure to meet any of the criteria for qualification occurs.
Acts 2007, No. 990, §§ 1, 2; 2009, No. 736, § 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 51 - INCOME TAXES (§§ 26-51-101 — 26-51-2804) › Subchapter 3 - EXEMPTIONS AND REDUCED TAX RATES (§§ 26-51-301 — 26-51-316) › Section 26-51-314 - Payments from an agricultural disaster program to a cattle farmer or cattle rancher - Definition

(a)
As used in this section, "agricultural disaster program" means a program that provides compensation to a cattle farmer or cattle rancher who has suffered a loss as the result of an emergency, a disaster, or declining market prices or value, including without limitation the following programs:
(1)
Livestock Forage Disaster Program;
(2)
Livestock Indemnity Program;
(3)
Emergency Assistance for Livestock, Honeybees, and Farm-Raised Fish;
(4)
Emergency Conservation Program;
(5)
Noninsured Crop Disaster Assistance Program;
(6)
Pasture, Rangeland, Forage Pilot Insurance Program;
(7)
Annual Forage pilot program;
(8)
Livestock Risk Protection insurance plan; and
(9)
Livestock Gross Margin insurance plan.
(b)
There is allowed an exemption from the income tax imposed by the Income Tax Act of 1929, §
26-51-101
et seq., for payments made to a cattle farmer or cattle rancher from an agricultural disaster program.
(c)
Expenses for losses related to the receipt of a payment from an agricultural disaster program to a cattle farmer or cattle rancher are not deductible or otherwise permitted to offset any other income from the tax year in which the loss or expenses are incurred.
Added by Act 2015, No. 891,§ 1, eff. for tax years beginning on or after January 1, 2015.
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 51 - INCOME TAXES (§§ 26-51-101 — 26-51-2804) › Subchapter 3 - EXEMPTIONS AND REDUCED TAX RATES (§§ 26-51-301 — 26-51-316) › Section 26-51-315 - Community Match Rural Physician Recruitment Program incentives

There is allowed an exemption from the income tax imposed by the Income Tax Act of 1929, §
26-51-101
et seq., for a community match income incentive received by a taxpayer under the Community Match Rural Physician Recruitment Program, §§
6-81-701
-
6-81-722
.
Added by Act 2017, No. 763,§ 1, eff. for tax years beginning on and after 1/1/2017.