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26-26-1616. Disposition of taxes and penalties.

Arkansas Code — all titles (historical 2020) · legal_authorities

26-26-1616. Disposition of taxes and penalties.

Source: Arkansas Code — historical release 78 (November 6, 2020) · 26-26-1616

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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Stable record: arkansas_code:legal_authorities:26-26-1616
Source file: gov.ar.code.title.26.odt
Pages: Not recorded – Not recorded
Passage SHA-256: b9720b7a18bd2481d45d697bd39c1b65dc6f2653fa44690d33213d03ba0cc3da

Source location: content.xml paragraph 6654

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26-26-1616. Disposition of taxes and penalties. (a)(1) Except as provided in subsections (c) and (d) of this section, all taxes and penalties collected under § 26-26-1614 shall be deposited into the State Treasury as trust fund income to the credit of the Ad Valorem Tax Fund. (2)(A) The Treasurer of State shall annually transmit to the respective county treasurers of the several counties of this state the proportionate part of the Ad Valorem Tax Fund coming from the source that the improved state highway mileage in each county bears to the improved state highway mileage in all counties, the highway mileage figures to be furnished by the Arkansas Department of Transportation on request of the Treasurer of State. (B) The respective county treasurers shall prorate the amount so received among the several county funds, school districts, and municipalities of the county in the same ratio that the taxes received from the millage levy by each bore to the total taxes from the millage levy received by all county funds, school districts, and municipalities, according to the local county collector's settlement for the particular assessment year. (b)(1) So long as any agency of this state shall have the function or be charged with the duty of making audits of the records and accounts of the officers and employees of counties, municipalities, or school districts or so long as any agency of this state shall have the function or be charged with the duty of assessing the property referred to in this subchapter or so long as any agency of this state shall have the function or be charged with the duty of furnishing guidance, instruction, and assistance to the county assessor in the performance of his or her duties, then the aggregate total amount expended by this state in the performance and carrying out of the functions and duties indicated shall be a proper charge against the taxes and penalties credited to the Ad Valorem Tax Fund under subsection (a) of this section. (2) It shall be the duty of the Chief Fiscal Officer of the State to annually determine the amount of these costs and to certify to the Treasurer of State the amount that the aggregate of the taxes and penalties exceeds these costs in order that the excess may be transmitted to the respective county treasurers as provided in this section. (c)(1) The first one hundred thousand dollars ($100,000) collected in taxes and penalties under § 26-26-1614 during each fiscal year shall be deposited into the State Treasury as nonrevenue receipts credited to the State Central Services Fund for use by the Revenue Division of the Department of Finance and Administration. (2) No funds collected pursuant to § 26-26-1614 shall be withheld by the state if those funds were collected under the authority of Arkansas Constitution, Article 14, § 3(b)(1). (d) When the taxes and penalties collected from water transportation companies under § 26-26-1614 are at least equal to two million five hundred thousand dollars ($2,500,000) for the calendar year, a portion of the revenues from the taxes and penalties shall be deposited as follows: (1)(A) On October 1 of each year, fifty thousand dollars ($50,000) shall be credited to the Miscellaneous Agencies Fund Account to be used exclusively by the Arkansas Waterways Commission. (B) If the taxes and penalties collected are not at least equal to two million five hundred thousand dollars ($2,500,000) by October 1 of any year, the fifty thousand dollars ($50,000) credited under subdivision (d)(1)(A) of this section shall not be credited to the Miscellaneous Agencies Fund Account until the last day of the month in which the taxes and penalties collected are at least equal to two million five hundred thousand dollars ($2,500,000) for the calendar year; and (2) Any taxes and penalties collected in excess of two million five hundred fifty thousand dollars ($2,550,000) each calendar year shall be deposited as follows: (A) Seventy percent (70%) shall be credited to the Arkansas River Navigation System Fund; and (B) Thirty percent (30%) shall be credited to the Arkansas Port, Intermodal, and Waterway Development Grant Program Fund to be used exclusively for the purposes stated in § 15-23-205.

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Arkansas Code — all titles (historical 2020) · legal_authorities

15-23-205. Arkansas Port, Intermodal, and Waterway Development Grant Program.

15-23-205. Arkansas Port, Intermodal, and Waterway Development Grant Program. (a)(1) The Arkansas Waterways Commission shall establish and administer the Arkansas Port, Intermodal, and Waterway Development Grant Program that shall be used to provide financial assistance to port authorities and intermodal authorities for the purpose of funding port development projects, including without limitation the construction, improvement, capital facility rehabilitation, and expansion of a public port facility, including without limitation an intermodal facility and a maritime-related industrial park infrastructure development. (2) Wharves, cargo handling equipment, utilities, railroads, primary access roads, and buildings that are an integral part of a port development project are also eligible for funding under this section. (b) The goals of the program are to: (1) Ensure that adequate land-side facilities are available to meet a definite market need by providing guidance and public funds to build land-side infrastructure that will provide jobs and competitive transportation costs for moving cargo, thereby minimizing highway congestion, improving safety, and reducing maintenance costs related to Arkansas's highways; and (2) Provide funding for dredging ports and waterways to allow Arkansas products to reach additional markets. (c)(1) An Arkansas public port authority or intermodal authority may apply for funding of a port development project under the program. (2) The Chief Fiscal Officer of the State shall notify the commission when funding is available for the program. (d) The application required under subdivision (c)(1) of this section shall include the following: (1) A description of the port development project; (2) Evidence that the port authority or i

Source: Arkansas Code — historical release 78 (November 6, 2020) · 15-23-205

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 15-23-205. This identifies an authority to review, not proof of applicability.

Arkansas Code — all titles (historical 2020) · legal_authorities

26-26-1614. Levy and collection of taxes.

26-26-1614. Levy and collection of taxes. (a)(1) Having ascertained and fixed the taxable value of the tangible and intangible property used or held for use in the operation of each intercounty bus line, intercounty motor freight, airline, or water transportation company, as required by law, the Tax Division of the Arkansas Public Service Commission shall levy and extend against each valuation the average rate of ad valorem levy prevailing throughout this state for the assessment year, and then ten (10) days before the due date, the division shall certify the tax to the Secretary of the Department of Finance and Administration for collection. (2) The secretary shall immediately forward by first-class mail a notice showing the assessed valuation, applicable rate of levy, the amount of tax charged, and the due date of the tax charged to each company against which a tax has been extended and so certified. (b)(1) If the taxes are not paid on or before the date on which ad valorem taxes or any part of ad valorem taxes on personal property become delinquent, the secretary shall add a penalty of ten percent (10%) and mail a statement of the tax and penalty to each person, company, or corporation so delinquent. (2)(A) If the tax and penalty are not paid on or before the date on which a county collector may collect taxes by distraint, in lieu of the ten percent (10%) penalty, the secretary shall add to the tax a penalty of twenty-five percent (25%). (B) The statement of tax and ten percent (10%) penalty from the secretary shall warn that if the tax and penalty are not paid within the time stated, in lieu of the ten percent (10%) penalty, a penalty of twenty-five percent (25%) will be added. (c)(1) For the purpose of collecting the taxes and penalties, in addition to

Source: Arkansas Code — historical release 78 (November 6, 2020) · 26-26-1614

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 26-26-1614. This identifies an authority to review, not proof of applicability.