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26-26-1204. Accounts and notes included in merchant's valuation.
Arkansas Code — all titles (historical 2020) · legal_authorities
26-26-1204. Accounts and notes included in merchant's valuation.
Each merchant in giving a list of value of personal property as provided in § 26-26-1203 shall include in the valuation all good balances of accounts on his or her books and all notes at their true value in money, and the list shall be rendered under oath as prescribed in cases of personal property.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 26-26-1204
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Record provenance
Stable record: arkansas_code:legal_authorities:26-26-1204
Source file: gov.ar.code.title.26.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 13eecdd38225548fe18dbc6b10ffa44a59dd2ae2060cf24a7bff604183a9113f
Source location: content.xml paragraph 6042
Stored source content
26-26-1204. Accounts and notes included in merchant's valuation.
Each merchant in giving a list of value of personal property as provided in § 26-26-1203 shall include in the valuation all good balances of accounts on his or her books and all notes at their true value in money, and the list shall be rendered under oath as prescribed in cases of personal property.
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Arkansas Code — all titles (historical 2020) · legal_authorities
26-26-1203. Merchants.
(a) Any person owning or having in his or her possession or under his or her control, within this state, with authority to sell it, any personal property purchased with a view to its being sold at a profit, or which has been consigned to him or her from any place out of this state, to be sold within this state, shall be held to be a merchant for the purpose of this valuation.
(b)(1) The property shall be listed for taxation and in estimating the value the merchant shall take the average value of the property in his or her possession or under his or her control during the year immediately preceding January 1 of the year in which the assessment is made.
(2) If the merchant has not been engaged in the business for one (1) year, then he or she shall take the average valuation during such time as he or she shall have been so engaged.
(3) If the merchant is commencing business, he or she shall take the value of the property at the time of assessment.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 26-26-1203
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. The source passage cites 26-26-1203. This identifies an authority to review, not proof of applicability.