§ 23-114-601. Tax levied
(a) There is levied an excise tax of three-tenths of one cent (0.3¢) upon the sale of each bingo face sold by a licensed distributor to a licensed authorized organization in this state. (b) Items taxed under subsection (a) of this section shall be exempt from the Arkansas Gross Receipts Act of 1941, § 26-52-101 […]
§ 23-114-602. Payment and reporting of tax
(a) The excise tax levied under this subchapter is due and payable by distributors that sold bingo faces to licensed authorized organizations in this state. The tax shall be reported and paid to the Department of Finance and Administration monthly on or before the fifteenth day of the month following the month of sale. (b) […]
§ 23-114-603. Information to be reported
(a) The excise tax report required under § 23-114-602 shall include the following information: (1) The total number of bingo faces sold to all licensed authorized organizations in this state; and (2) Any other information that the Secretary of the Department of Finance and Administration determines is necessary to properly administer the excise tax levied […]
§ 23-114-605. Collection and disbursement of excise tax and license fees
The Department of Finance and Administration shall deposit the revenue collected from the license fees levied under §§ 23-114-302 and 23-114-307, and the excise tax levied in § 23-114-601 to the credit of the General Revenue Fund Account of the State Apportionment Fund.
§ 23-114-606. Nonfiler tax assessments
(a) If a distributor fails to file an excise tax report required under this chapter, the Department of Finance and Administration shall make an excise tax assessment for the period or periods for which the distributor failed to report. (b) The estimate shall be based on any information covering any period possessed by the department. […]
§ 23-114-406. Gift certificates
(a) Nothing in this chapter prohibits a licensed authorized organization from selling or redeeming a gift certificate that entitles the bearer of the certificate to participate in a raffle or play a game of bingo conducted by the licensed authorized organization. (b) A licensed authorized organization that sells or redeems a gift certificate shall keep […]
§ 23-114-701. Revocation of license — Licensed authorized organization
The license issued to an authorized organization is subject to revocation under this chapter if the organization: (1) Makes a false statement or material omission in an application for a license under this chapter; (2) Fails to maintain records that fully and accurately record each transaction connected with: (A) Conducting raffles or games of bingo; […]
§ 23-114-407. Bingo sessions
(a) (1) A bingo session begins when the first game of bingo of the bingo session is commenced by calling the first bingo ball drawn. (2) A licensed authorized organization may conduct one (1) bingo session per calendar day and shall not exceed two (2) bingo sessions during any one (1) calendar week. (b) A […]
§ 23-114-702. Revocation of license — Distributors and manufacturers
The license issued to a distributor or manufacturer is subject to revocation under this chapter if the licensee: (1) Makes a false statement or material omission in an application for a license under this chapter; (2) Fails to maintain records that fully and accurately record all transactions connected with the distribution of bingo equipment; (3) […]
§ 23-114-408. Prizes
(a) A bingo prize shall not have a value of more than one thousand dollars ($1,000) for a single game. (b) For the total prizes of all games of bingo, a licensed authorized organization shall not offer or award during a single bingo session prizes with an aggregate value of more than seven thousand five […]