Arkansas § 26-18-804 Abatement of penalty or addition to tax due to erroneous written advice by secretary - Limitations

Arkansas Statutes

§ 26-18-804 — Abatement of penalty or addition to tax due to erroneous written advice by secretary - Limitations

Arkansas § 26-18-804

Title26

This text of Arkansas § 26-18-804 (Abatement of penalty or addition to tax due to erroneous written advice by secretary - Limitations) 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. § 26-18-804 (2026).

Text

(a)In General. The Secretary of the Department of Finance and Administration shall abate any portion of any penalty or addition to tax attributable to erroneous advice furnished to the taxpayer in writing by an agent of the secretary acting in such agent's official capacity.

(b)Limitations. The provisions of subsection (a) of this section shall apply only if:

(1)The written advice was reasonably relied upon by the taxpayer and was in response to a specific written request of the taxpayer; and (2) The portion of the penalty or addition to tax did not result from a failure by the taxpayer to provide adequate or accurate information.

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(a) In General. The Secretary of the Department of Finance and Administration shall abate any portion of any penalty or addition to tax attributable to erroneous advice furnished to the taxpayer in writing by an agent of the secretary acting in such agent's official capacity. (b) Limitations. The provisions of subsection (a) of this section shall apply only if: (1) The written advice was reasonably relied upon by the taxpayer and was in response to a specific written request of the taxpayer; and (2) The portion of the penalty or addition to tax did not result from a failure by the taxpayer to provide adequate or accurate information.