Arkansas § 14-164-325 Taxes not state revenues

Arkansas Statutes

§ 14-164-325 — Taxes not state revenues

Arkansas § 14-164-325

Title14

This text of Arkansas § 14-164-325 (Taxes not state revenues) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ark. Code Ann. § 14-164-325 (2026).

Text

It is the express intent of the General Assembly that any tax levied under the authority of this subchapter by a municipality or county to finance capital improvements of a public nature or economic development projects shall not constitute revenues of the state within the meaning of any constitutional or statutory provisions, but the tax levied under this subchapter shall at all times continue to be revenues of the particular municipality or county notwithstanding the participation or involvement, for the convenience of administration, by the Secretary of the Department of Finance and Administration or the Treasurer of State in the manner authorized in this subchapter in any phase of collection, holding, or distribution of proceeds of any tax authorized under this subchapter.

Free access — add to your briefcase to read the full text and ask questions with AI

It is the express intent of the General Assembly that any tax levied under the authority of this subchapter by a municipality or county to finance capital improvements of a public nature or economic development projects shall not constitute revenues of the state within the meaning of any constitutional or statutory provisions, but the tax levied under this subchapter shall at all times continue to be revenues of the particular municipality or county notwithstanding the participation or involvement, for the convenience of administration, by the Secretary of the Department of Finance and Administration or the Treasurer of State in the manner authorized in this subchapter in any phase of collection, holding, or distribution of proceeds of any tax authorized under this subchapter.

Legislative History

Amended by Act 2019, No. 910,§ 3381, eff. 7/1/2019. Amended by Act 2017, No. 533,§ 12, eff. 8/1/2017. Acts 1985, No. 871, § 2; A.S.A. 1947, § 13-1240.