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26-58-113. Additional tax on stone and crushed stone — Deposit and allocation of funds.
Arkansas Code — all titles (historical 2020) · legal_authorities
26-58-113. Additional tax on stone and crushed stone — Deposit and allocation of funds.
(a) There is levied and there shall be collected from each producer of the following natural resources in this state an additional privilege or license tax to be known as an additional severance tax.
(b) The additional severance tax is to be paid to the Secretary of the Department of Finance and Administration.
(c) The additional severance tax on stone and crushed stone, including but without limitation thereto, chert, granite, slate, novaculite and limestone, excluding limestone used for agricultural purposes, construction sand, gravel, clay, chalk, shale, and marl, is to be predicated upon the quantity severed at the rate of three cents (3¢) per ton.
(d) The tax levied by this section shall be in addition to the severance tax levied by § 26-58-107.
(e)(1) All taxes, penalties, and costs collected by the secretary under the provisions of this section shall be deposited into the State Treasury to the credit of the State Apportionment Fund.
(2) The Treasurer of State on or before the fifth of the month next following the month during which such funds shall have been received by him or her shall allocate the same in the manner provided in this subdivision (e)(2):
(A) Three percent (3%) of the amount thereof to the General Revenue Fund Account to be used for defraying the necessary expenses of the state government; and
(B) Ninety-seven percent (97%) of the amount thereof, as follows:
(i)(a) Twenty-five percent (25%) of such amount of the severance taxes, penalties, and costs, except those on timber and timber products, shall be special revenues and shall be allocated to the County Aid Fund.
(b) On or before the tenth of the month following the end of each calendar q
Source: Arkansas Code — historical release 78 (November 6, 2020) · 26-58-113
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:26-58-113
Source file: gov.ar.code.title.26.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 8836d3be853bc4419f989a8afaf9216cab4ef7bab9b6360665f6d28802aeff92
Source location: content.xml paragraph 29662
Stored source content
26-58-113. Additional tax on stone and crushed stone — Deposit and allocation of funds.
(a) There is levied and there shall be collected from each producer of the following natural resources in this state an additional privilege or license tax to be known as an additional severance tax.
(b) The additional severance tax is to be paid to the Secretary of the Department of Finance and Administration.
(c) The additional severance tax on stone and crushed stone, including but without limitation thereto, chert, granite, slate, novaculite and limestone, excluding limestone used for agricultural purposes, construction sand, gravel, clay, chalk, shale, and marl, is to be predicated upon the quantity severed at the rate of three cents (3¢) per ton.
(d) The tax levied by this section shall be in addition to the severance tax levied by § 26-58-107.
(e)(1) All taxes, penalties, and costs collected by the secretary under the provisions of this section shall be deposited into the State Treasury to the credit of the State Apportionment Fund.
(2) The Treasurer of State on or before the fifth of the month next following the month during which such funds shall have been received by him or her shall allocate the same in the manner provided in this subdivision (e)(2):
(A) Three percent (3%) of the amount thereof to the General Revenue Fund Account to be used for defraying the necessary expenses of the state government; and
(B) Ninety-seven percent (97%) of the amount thereof, as follows:
(i)(a) Twenty-five percent (25%) of such amount of the severance taxes, penalties, and costs, except those on timber and timber products, shall be special revenues and shall be allocated to the County Aid Fund.
(b) On or before the tenth of the month following the end of each calendar quarter, the Treasurer of State shall remit by state warrants to the various county treasurers all such funds received by the Treasurer of State during such quarterly period and transferred to the County Aid Fund in the proportions thereof as between the respective counties that, as certified by the secretary to the Treasurer of State, the total severance tax produced from each such county bears to the total of such taxes produced from all counties.
(c) Upon receipt of any such taxes, each county treasurer shall credit fifty percent (50%) of that amount to the county general school fund and fifty percent (50%) of that amount to the county highway fund, for use for the same purposes as other moneys credited to the respective said future funds; and
(ii)(a) Seventy-five percent (75%) shall be special revenues and shall be credited to the County Aid Fund.
(b) On or before the tenth of the month following the end of each calendar quarter these special revenues shall be remitted by the Treasurer of State by state warrant to the various county treasurers on the basis of the formula applied in allocating or distributing county aid highway funds from the County Aid Fund.
(c) All such funds so received by each county shall be used exclusively for construction, reconstruction, maintenance, and repair of county roads and bridges in the county.
(f) The additional severance taxes levied by this section shall be collected in the manner prescribed by this subchapter.
(g) The violation of this section shall subject the violator to the penalties prescribed by this subchapter.
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Arkansas Code — all titles (historical 2020) · legal_authorities
26-58-107. Levy of tax.
(a) There is levied and there shall be collected from each producer of natural resources and each producer of timber in the State of Arkansas, a privilege or license tax to be known as “severance tax”.
(b) The severance tax is to be paid to the Secretary of the Department of Finance and Administration.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 26-58-107
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 26-58-107. This identifies an authority to review, not proof of applicability.