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Home » US Law » 2020 Arkansas Code » Title 26 - Taxation » Subtitle 6 - Local Taxes » Chapter 74 - County Sales and Use Taxes » Subchapter 2 - Sales and Use Tax for Capital Improvements

§ 26-74-203. Definitions

As used in this subchapter: (1) “Acquire” means to obtain at any time by gift, purchase, or other arrangement, any capital improvement of a public nature or any portion of a capital improvement of a public nature, whether constructed and equipped before acquisition, partially constructed and equipped before acquisition, or being constructed and equipped at […]

§ 26-74-205. Voters’ approval of bonds

No ordinance shall be passed by the quorum court of a county under § 26-74-204 until a majority of the qualified electors of the county voting on the question shall have approved the principal amount of the bonds and the purpose for which the bonds will be issued at an election called for that purpose […]

§ 26-74-206. Pledge of revenues

Any county levying the tax as permitted in this subchapter is authorized to pledge all or any part of the revenues which the county is entitled to receive from the tax levied pursuant to this subchapter to the payment of lease rentals or principal of and interest on bonds issued by such county under the […]

§ 26-74-208. Form of ballot

“[ ] FOR adoption of a percent ( %) sales and use tax within (Name of county).” “[ ] AGAINST adoption of a percent ( %) sales and use tax within (Name of county).”

§ 26-74-215. Rules

The Secretary of the Department of Finance and Administration may promulgate reasonable rules not inconsistent with the provisions of this subchapter to implement the administration, collection, enforcement, and operation of the taxes authorized in this subchapter.

§ 26-74-218. Existing county sales taxes

All county sales taxes adopted under the provisions of §§ 26-74-301 — 26-74-314 which are in effect on December 1, 1981, shall remain in full force and effect and are not repealed by the provisions of this subchapter. However, these taxes shall be administered in accordance with this subchapter.

§ 26-74-219. Levy of use tax in counties having sales tax

In all counties which prior to December 1, 1981, have adopted a local sales tax under the provisions of §§ 26-74-301 — 26-74-314, there is also levied a local compensating tax, which in all respects shall be administered and enforced in accordance with the provisions of §§ 26-74-301 — 26-74-314 and the ordinance levying the […]