Arkansas § 26-60-106 Payment of tax

Arkansas Statutes

§ 26-60-106 — Payment of tax

Arkansas § 26-60-106

Title26

This text of Arkansas § 26-60-106 (Payment of tax) 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. § 26-60-106 (2026).

Text

The tax levied by this chapter:

(1)Applies at the time of transfer;

(2)Shall be computed on the basis of the full consideration for the real estate transferred; and (3) Unless agreed upon otherwise, shall be paid one-half (1/2) by the grantor or seller and one-half (1/2) by the grantee or purchaser.

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Legislative History

Acts 1971, No. 275, § 3; 1983, No. 754, § 2; 1985, No. 926, § 2; 1985, No. 1081, § 1; 1985, No. 1063, § 1; A.S.A. 1947, § 84-4303; Acts 1995, No. 383, § 1.