§ 26-81-103. Sales and use tax
Any county in the State of Arkansas may levy a sales and use tax, as described and set forth herein, for the purpose of providing funds for the acquisition, construction, and equipping of properties, real, personal or mixed, tangible or intangible, to constitute all or a part of any airport or riverport owned and operated […]
§ 26-81-109. Rules
The Secretary of the Department of Finance and Administration may promulgate reasonable rules not inconsistent with the provisions of this chapter to implement the administration, collection, enforcement, and operation of the taxes authorized in this chapter.
§ 26-82-101. Title
This chapter shall be known as the “Local Sales and Use Tax Economic Development Project Funding Act”.
§ 26-82-102. Definitions
As used in this chapter: (1) “Calendar quarter” means a three-month period that begins on January 1, April 1, July 1, or October 1; (2) “City” means any city of the first class, city of the second class, or incorporated town of the state; (3) “Develop” means to plan, design, construct, acquire by purchase, acquire […]
§ 26-82-104. Election
“[ ] FOR adoption of a percent ( %) local sales and use tax within (name of local entity) for economic development projects not to exceed $ (maximum amount of revenue to be generated) to be terminated on the first day of the calendar quarter following the expiration of ninety (90) days after (name of […]
§ 26-82-105. Requirements — Effective dates
To provide time to prepare for an election required under this chapter and to provide time for the Secretary of the Department of Finance and Administration to accomplish his or her duties, the following requirements apply to an ordinance levying a local sales and use tax under this chapter: (1) (A) The ordinance levying the […]
§ 26-78-118. Bonds — Tax exemption
Interest on all bonds issued under this chapter shall be exempt from state income taxes, and the principal thereof shall be exempt from state inheritance and estate taxes.
§ 26-82-106. Abolition of tax
“[ ] FOR abolition of the percent ( %) local sales and use tax within (name of local entity) for economic development projects.” “[ ] AGAINST abolition of the percent ( %) local sales and use tax within (name of local entity) for economic development projects.”
§ 26-78-119. Legal investments
Bonds issued under this chapter shall be eligible to secure deposits of all public funds and shall be legal for the investment of bank, fiduciary, insurance company, and trust funds.
§ 26-82-107. Notice of adoption or abolition of tax
No later than ten (10) days following each of the events stated in the ordinance with reference to the procedure for the adoption or abolition of the local sales and use tax and the effective dates of the action under this chapter, the clerk of the levying entity shall notify the Secretary of the Department […]