Arkansas § 26-52-502 Tax return on basis of cash actually received

Arkansas Statutes

§ 26-52-502 — Tax return on basis of cash actually received

Arkansas § 26-52-502

Title26

This text of Arkansas § 26-52-502 (Tax return on basis of cash actually received) 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. § 26-52-502 (2026).

Text

(a)Any person taxable under this chapter doing business wholly or partly on a credit basis may make application to the Secretary of the Department of Finance and Administration for permission to prepare his or her returns on the basis of cash actually received.

(b)The application shall be granted by the secretary under such rules as the secretary may prescribe.

(c)Any person making the application shall be taxable on all moneys collected during the taxable period.

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(a) Any person taxable under this chapter doing business wholly or partly on a credit basis may make application to the Secretary of the Department of Finance and Administration for permission to prepare his or her returns on the basis of cash actually received. (b) The application shall be granted by the secretary under such rules as the secretary may prescribe. (c) Any person making the application shall be taxable on all moneys collected during the taxable period.

Legislative History

Amended by Act 2019, No. 315,§ 2995, eff. 7/24/2019. Amended by Act 2019, No. 910,§ 3865, eff. 7/1/2019. Acts 1941, No. 386, § 8; A.S.A. 1947, § 84-1909.