Arkansas § 26-55-232 Failure to report or pay taxes promptly - Penalties

Arkansas Statutes

§ 26-55-232 — Failure to report or pay taxes promptly - Penalties

Arkansas § 26-55-232

Title26

This text of Arkansas § 26-55-232 (Failure to report or pay taxes promptly - Penalties) 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. § 26-55-232 (2026).

Text

(a)When any distributor fails to file its monthly report with the Secretary of the Department of Finance and Administration on or before the time fixed in this subchapter for the filing thereof, when the distributor fails to submit the data outlined in §§ 26-55-229 and 26-55-230 in the monthly report, or when the distributor fails to pay to the secretary the amount of excise taxes due to the State of Arkansas when the excise taxes are payable, the distributor shall be subject to applicable penalty and interest provisions of the Arkansas Tax Procedure Act, § 26-18-101 et seq.

(b)(1) If the excise tax is not paid within sixty (60) days after the date the excise tax is due, then the secretary shall suspend the license of the distributor.

(2)(A) When the secretary issues a notice of propose

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(a) When any distributor fails to file its monthly report with the Secretary of the Department of Finance and Administration on or before the time fixed in this subchapter for the filing thereof, when the distributor fails to submit the data outlined in §§ 26-55-229 and 26-55-230 in the monthly report, or when the distributor fails to pay to the secretary the amount of excise taxes due to the State of Arkansas when the excise taxes are payable, the distributor shall be subject to applicable penalty and interest provisions of the Arkansas Tax Procedure Act, § 26-18-101 et seq. (b) (1) If the excise tax is not paid within sixty (60) days after the date the excise tax is due, then the secretary shall suspend the license of the distributor. (2) (A) When the secretary issues a notice of proposed assessment to the distributor under § 26-18-403 , the secretary may notify the bonding company of the excise tax delinquency. (B) At the end of the ten-day demand for payment period that begins on the date a final assessment is issued under § 26-18-401 , the secretary shall notify the bonding company of the excise tax delinquency and declare the bond forfeited.

Legislative History

Amended by Act 2019, No. 910,§ 3959, eff. 7/1/2019. Acts 1941, No. 383, § 12; 1943, No. 255, § 1; 1957, No. 393, § 3; A.S.A. 1947, § 75-1114; Acts 2011, No. 788, § 3.