Arkansas § 26-74-310 Abolition of tax

Arkansas Statutes

§ 26-74-310 — Abolition of tax

Arkansas § 26-74-310

Title26

This text of Arkansas § 26-74-310 (Abolition 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. § 26-74-310 (2026).

Text

(a)In any county in which a local sales tax has been levied pursuant to this subchapter, and all or any portion pledged to secure lease rentals or the payment of bonds as authorized by this subchapter, that portion of the tax pledged to lease rentals or bonds shall not be abolished so long as any of the lease is effective or such bonds are outstanding.

(b)(1) The county may abolish all or that portion of the sales tax that is not pledged to lease rentals or outstanding bonds after, and only after, an election called in the same manner as provided in § 26-74-307 or by a petition of the qualified voters of the county.

(2)As to such a petition of the qualified voters, the provisions of Arkansas Constitution, Amendment 7 shall govern.

(3)The ballot title for use in any such election shall

Free access — add to your briefcase to read the full text and ask questions with AI

(a) In any county in which a local sales tax has been levied pursuant to this subchapter, and all or any portion pledged to secure lease rentals or the payment of bonds as authorized by this subchapter, that portion of the tax pledged to lease rentals or bonds shall not be abolished so long as any of the lease is effective or such bonds are outstanding. (b) (1) The county may abolish all or that portion of the sales tax that is not pledged to lease rentals or outstanding bonds after, and only after, an election called in the same manner as provided in § 26-74-307 or by a petition of the qualified voters of the county. (2) As to such a petition of the qualified voters, the provisions of Arkansas Constitution, Amendment 7 shall govern. (3) The ballot title for use in any such election shall be the same as indicated in § 26-74-308 , except that the word "ABOLITION" shall be substituted for the word "ADOPTION" as it appears in the ballot title set forth in that section. (4) The effective date of any affirmative vote to abolish such tax shall correspond to the dates indicated in § 26-74-309 for the initial effective date of such tax.