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 25 - INCOME TAX REFUND CHECK-OFF AND CONTRIBUTION PROGRAMS (§§ 26-51-2501 — 26-51-2511) › Section 26-51-2502 - Arkansas Disaster Relief Program

(a)
(1)
There is created the Arkansas Disaster Relief Program.
(2)
The Revenue Division of the Department of Finance and Administration shall include on the Arkansas individual income tax forms, including those forms on which a husband and wife file separately on the same form and on all corporate income tax forms, a designation as follows:
(A)
" If you are entitled to a refund, check if you wish to designate [ ] $1, [ ] $5, [ ] $10, [ ] $20, [ ] $________ (write in amount), or [ ] all refund due, of your tax refund for the Arkansas Disaster Relief Program. Your refund will be reduced by this amount.
(B)
If you owe an additional amount, check if you wish to contribute an additional [ ] $1, [ ] $5, [ ] $10, [ ] $20, [ ] $________ (write in amount) for the Arkansas Disaster Relief Program. If you wish to make a contribution to the program you must enclose a separate check for the amount of your contribution, payable to the Arkansas Disaster Relief Program."
(b)
The Department of Finance and Administration shall quarterly certify to the Treasurer of State the amount contributed to the program through this state income tax check-off during the quarter as authorized by this section, and the Treasurer of State shall deduct from the Individual Income Tax Withholding Fund the amount so certified.
(c)
The Secretary of the Department of Finance and Administration shall have the authority to promulgate all rules and all income tax forms, returns, and schedules necessary to carry out this program.
(d)
The secretary is authorized to accept any gifts, grants, bequests, devises, and donations made to the State of Arkansas for the purposes of funding the program. The secretary shall deposit any of these gifts, grants, bequests, devises, and donations so received into the Arkansas Disaster Relief Program Trust Fund. These gifts, grants, bequests, devises, and donations shall be used together with any other funds appropriated for funding the program provided for in this section.
(e)
(1)
(A)
There is created on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State an Arkansas Disaster Relief Program Trust Fund to be used by the Division of Emergency Management for disaster relief.
(B)
The Treasurer of State shall credit to the Arkansas Disaster Relief Program Trust Fund the amount certified each quarter in accordance with subsection (b) of this section.
(2)
(A)
The moneys credited to the Arkansas Disaster Relief Program Trust Fund shall be held as trust funds in interest-bearing accounts only.
(B)
All interest earned shall be credited to the Arkansas Disaster Relief Program Trust Fund and shall be used only for the purposes of the Arkansas Disaster Relief Program Trust Fund.
(3)
All funds deposited into the Arkansas Disaster Relief Program Trust Fund and all interest earned on deposits and the fund balance in the Arkansas Disaster Relief Program Trust Fund may be disbursed as appropriated in each fiscal year of the biennium for the program created by this subchapter.
(f)
(1)
The Revenue Division of the Department of Finance and Administration may establish any rule to effectively carry out the revenue-producing provisions of this section.
(2)
The secretary may promulgate rules to carry out the provisions of this section that allow the secretary to accept gifts, grants, bequests, devises, and donations.
Amended by Act 2019, No. 315,§ 2986, eff. 7/24/2019.
Amended by Act 2019, No. 910,§ 3805, eff. 7/1/2019.
Amended by Act 2019, No. 910,§ 3804, eff. 7/1/2019.
Amended by Act 2019, No. 910,§ 3803, eff. 7/1/2019.
Acts 1997, No. 1181, §§ 1-4; 1999, No. 646, § 66; 2007, No. 827, §§ 205, 206.