Arkansas § 26-57-616 Time limitations for assessments, collection, and refunds

Arkansas Statutes

§ 26-57-616 — Time limitations for assessments, collection, and refunds

Arkansas § 26-57-616

Title26

This text of Arkansas § 26-57-616 (Time limitations for assessments, collection, and refunds) 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. § 26-57-616 (2026).

Text

(a)No assessment of any insurance premium tax levied under §§ 11-9-301 - 11-9-307 , 23-75-119 , 23-76-131 , or this subchapter shall be made after the expiration of five (5) years from the date the tax report was required to be filed or the date the tax report was filed, whichever period expires later.

(b)No amended tax report or verified claim for credit or refund of an overpayment of any insurance premium tax collected under §§ 11-9-301 - 11-9-307 , 23-75-119 , 23-76-131 , or this subchapter shall be filed after five (5) years from the date the tax report was required to be filed or the date the tax report was filed, whichever period expires later, nor shall any credit, overpayment, or previously unclaimed offset, deduction, or other reduction be paid or allowed.

(c)All usual and cust

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(a) No assessment of any insurance premium tax levied under §§ 11-9-301 - 11-9-307 , 23-75-119 , 23-76-131 , or this subchapter shall be made after the expiration of five (5) years from the date the tax report was required to be filed or the date the tax report was filed, whichever period expires later. (b) No amended tax report or verified claim for credit or refund of an overpayment of any insurance premium tax collected under §§ 11-9-301 - 11-9-307 , 23-75-119 , 23-76-131 , or this subchapter shall be filed after five (5) years from the date the tax report was required to be filed or the date the tax report was filed, whichever period expires later, nor shall any credit, overpayment, or previously unclaimed offset, deduction, or other reduction be paid or allowed. (c) All usual and customary records used in the preparation of a tax report shall be maintained for a period of five (5) years after the tax report was required to be filed or was filed, whichever period expires later.