Arkansas Statutes
§ 26-51-2304 — Amount deducted and withheld - Credit
Arkansas·Title 26
(a)A claim center making a payment of lottery winnings on a single lottery ticket of more than five thousand dollars ($5,000) shall deduct and withhold an amount equal to seven percent (7%) of each payment of the lottery winnings.
(b)The amount deducted and withheld under this section from any lottery winnings paid to a person during the income year shall be credited against the income tax liability of that person under the Income Tax Act of 1929, § 26-51-101 et seq.
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Arkansas § 26-51-2304 (Amount deducted and withheld - Credit) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Acts 2010, No. 265, § 37; 2010, No. 294, § 37.
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