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26-63-204. Discontinuance of business — Unpaid taxes.
Arkansas Code — all titles (historical 2020) · legal_authorities
26-63-204. Discontinuance of business — Unpaid taxes.
(a)(1) Upon discontinuance of a business by sale or otherwise, any taxpayer registered to operate under this chapter shall notify the Secretary of the Department of Finance and Administration in writing and remit any unpaid or accrued taxes due under this chapter.
(2) Failure to pay any unpaid or accrued taxes due under this chapter is sufficient cause for the secretary to refuse to allow the taxpayer to engage in or transact any other business in this state.
(3) In the case of a sale of any business, the tax levied by this chapter is due at the time of the sale of the fixtures and equipment incident to the business, and any tax due under this chapter constitutes a lien against the stock and the fixtures and equipment in the possession of the purchaser of the fixtures and equipment or any other third party until the tax due under this chapter is paid.
(b) The secretary shall not register a taxpayer to continue to conduct a business until all tax due under this chapter has been settled and paid.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 26-63-204
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:26-63-204
Source file: gov.ar.code.title.26.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 19b5c822bfd6b5b80eb15f635ab549d1c6d1a3ab54fe482f3090d44a68e2f31b
Source location: content.xml paragraph 31440
Stored source content
26-63-204. Discontinuance of business — Unpaid taxes.
(a)(1) Upon discontinuance of a business by sale or otherwise, any taxpayer registered to operate under this chapter shall notify the Secretary of the Department of Finance and Administration in writing and remit any unpaid or accrued taxes due under this chapter.
(2) Failure to pay any unpaid or accrued taxes due under this chapter is sufficient cause for the secretary to refuse to allow the taxpayer to engage in or transact any other business in this state.
(3) In the case of a sale of any business, the tax levied by this chapter is due at the time of the sale of the fixtures and equipment incident to the business, and any tax due under this chapter constitutes a lien against the stock and the fixtures and equipment in the possession of the purchaser of the fixtures and equipment or any other third party until the tax due under this chapter is paid.
(b) The secretary shall not register a taxpayer to continue to conduct a business until all tax due under this chapter has been settled and paid.
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