Browse Arkansas Code titles and sections
26-60-109. Documentary stamps or symbols.
Arkansas Code — all titles (historical 2020) · legal_authorities
26-60-109. Documentary stamps or symbols.
(a) The Secretary of the Department of Finance and Administration shall:
(1) Design documentary stamps or documentary symbols in appropriate denominations; and
(2) Make the documentary stamps and documentary symbols available for purchase at offices of the Revenue Division of the Department of Finance and Administration and by consignment arrangement with title companies, banks, and savings and loan associations throughout the state.
(b) The secretary may:
(1)(A) Investigate the possibility of replacing or supplementing the paper documentary stamps presently used as proof of compliance with the real property transfer tax with alternative proofs of payment, including without limitation ink-based or computer-generated symbols to be placed on instruments evidencing a transfer of real property.
(B) The secretary shall collaborate with attorneys at law, representatives of title companies, county recorders, and other interested parties to recommend possible alternative methods of providing proof of payment of the real property transfer tax.
(C) If an investigation is undertaken, the secretary shall complete the investigation by July 1, 2012; and
(2)(A) Promulgate rules to implement alternative methods of providing proof of payment of the real property transfer tax that ensure that the grantee is in full compliance with the law.
(B) Before promulgating any rules, the secretary shall report the finding of the investigation authorized under § 26-60-107(f)(1) to the Speaker of the House of Representatives and the President Pro Tempore of the Senate if the General Assembly is in session or to the Legislative Council during the interim.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 26-60-109
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:26-60-109
Source file: gov.ar.code.title.26.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 025166de161dcaf7131b646d1ede24f4a1129b96dbe4b2e8e189b1cb95d65b9d
Source location: content.xml paragraph 30644
Stored source content
26-60-109. Documentary stamps or symbols.
(a) The Secretary of the Department of Finance and Administration shall:
(1) Design documentary stamps or documentary symbols in appropriate denominations; and
(2) Make the documentary stamps and documentary symbols available for purchase at offices of the Revenue Division of the Department of Finance and Administration and by consignment arrangement with title companies, banks, and savings and loan associations throughout the state.
(b) The secretary may:
(1)(A) Investigate the possibility of replacing or supplementing the paper documentary stamps presently used as proof of compliance with the real property transfer tax with alternative proofs of payment, including without limitation ink-based or computer-generated symbols to be placed on instruments evidencing a transfer of real property.
(B) The secretary shall collaborate with attorneys at law, representatives of title companies, county recorders, and other interested parties to recommend possible alternative methods of providing proof of payment of the real property transfer tax.
(C) If an investigation is undertaken, the secretary shall complete the investigation by July 1, 2012; and
(2)(A) Promulgate rules to implement alternative methods of providing proof of payment of the real property transfer tax that ensure that the grantee is in full compliance with the law.
(B) Before promulgating any rules, the secretary shall report the finding of the investigation authorized under § 26-60-107(f)(1) to the Speaker of the House of Representatives and the President Pro Tempore of the Senate if the General Assembly is in session or to the Legislative Council during the interim.
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Arkansas Code — all titles (historical 2020) · legal_authorities
26-60-107. Real Property Transfer Tax Affidavit of Compliance form.
(a)(1) The Secretary of the Department of Finance and Administration shall design a “Real Property Transfer Tax Affidavit of Compliance” form.
(2)(A) The form shall contain essentially the information prescribed in this section.
(B) The affidavit portion of the form shall provide:
(i) The name and address of the grantor or seller;
(ii) The name and address of the grantee or buyer;
(iii) The date of the real property transfer as reflected on the transfer instrument;
(iv) The name of the county where the property is located;
(v) The amount of the full consideration for the transaction or a statement giving the reason the real property transfer tax does not apply to the transaction unless it is clearly evident from the contents of the instrument to be recorded without reference to any other writing or extrinsic evidence that the instrument is exempt from the real property transfer tax under one (1) of the provisions in § 26-60-102, in which case the county recorder may record the instrument without the affidavit. In any case when the county recorder doubts the entitlement to the exemption, the county recorder shall require the affidavit or a certification, setting out the reasons for the exemption in full to be submitted with the instrument prior to recording the instrument; and
(vi) The value of the documentary stamps or documentary symbol attached to the face of the instrument.
(b)(1) If the real property transfer instrument is for a transfer upon which no tax is due but is not clearly exempt under § 26-60-102, the affidavit under subsection (a) of this section shall provide for stating this fact and shall be signed by the grantee or his or her agent, whose address shall be included o
Source: Arkansas Code — historical release 78 (November 6, 2020) · 26-60-107
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 26-60-107. This identifies an authority to review, not proof of applicability.