26-75-407. Disposition of taxes.

Arkansas Code — all titles (historical 2020) · legal_authorities

26-75-407. Disposition of taxes. (a) The Secretary of the Department of Finance and Administration shall deposit all local sales and use taxes collected under this subchapter with the Treasurer of State. (b) All deposits and transfers shall be made in the same manner and subject to the same charges and retainage as set forth in § 26-74-214.

Source: Arkansas Code — historical release 78 (November 6, 2020) · 26-75-407

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.

Stored source content

Cross-references

Connections may be documented source relationships, shared citations or nearby passages. Each explains its basis; a connection alone does not establish applicability to your situation.

Arkansas Code — all titles (historical 2020) · legal_authorities

26-74-214. Disposition of funds.

26-74-214. Disposition of funds. (a)(1) The Secretary of the Department of Finance and Administration shall maintain a record of the total amount of tax collected pursuant to this subchapter and other subchapters authorizing county sales and use taxes in each county and shall deposit all such revenues with the Treasurer of State. (2)(A) Upon receipt of the funds, the Treasurer of State shall deduct three percent (3%) of the funds as a charge by the state for its services as specified in this subchapter and all other subchapters authorizing county sales and use taxes and shall credit the three percent (3%) to the Constitutional Officers Fund and the State Central Services Fund. (B) In addition, the Treasurer of State may retain in the Local Sales and Use Tax Trust Fund an amount not to exceed five percent (5%) of the total amount received from the tax levied by each county, to be used by the Treasurer of State to: (i) Make remittances to the county for rebates made by the county for taxes in excess of amounts specified by the particular county ordinances paid by a taxpayer on a single transaction; (ii) Make refunds for overpayment of the taxes; and (iii) Redeem dishonored checks and drafts received and deposited into the Local Sales and Use Tax Trust Fund. (b)(1) Except as set forth in subsections (f)-(h) of this section, all funds received by the Treasurer of State from the sales tax levied by each county after deducting the three percent (3%) for the Constitutional Officers Fund and the State Central Services Fund shall be deposited into the Local Sales and Use Tax Trust Fund and shall be credited to the account of the county in which it was collected. (2)(A)(i) The Treasurer of State shall monthly transmit to the county treasurer and to the city treasu

Source: Arkansas Code — historical release 78 (November 6, 2020) · 26-74-214

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 26-74-214. This identifies an authority to review, not proof of applicability.