Arkansas § 27-70-104 Federal excise tax on motor fuels

Arkansas Statutes

§ 27-70-104 — Federal excise tax on motor fuels

Arkansas § 27-70-104

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This text of Arkansas § 27-70-104 (Federal excise tax on motor fuels) 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. § 27-70-104 (2026).

Text

(a)Should the United States Congress extend an option to the State of Arkansas to collect all or part of the existing excise tax on motor fuels imposed by the Internal Revenue Code, Chapter 31, Retailers Excise Tax, §§ 4041 and 4081, it is declared that the option is executed.

(b)Further, if the federal excise tax is reduced in any amount, the amount of the reduction will continue to be collected as state highway user revenues.

(c)Any increase in the federal excise tax, accompanied by state option, shall be disbursed as set forth in subsection (d) of this section.

(d)Any revenues derived under subsection (a) of this section will be classified as special revenues and shall be deposited into the State Treasury to the credit of the State Apportionment Fund for distribution under the Arkan

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(a) Should the United States Congress extend an option to the State of Arkansas to collect all or part of the existing excise tax on motor fuels imposed by the Internal Revenue Code, Chapter 31, Retailers Excise Tax, §§ 4041 and 4081, it is declared that the option is executed. (b) Further, if the federal excise tax is reduced in any amount, the amount of the reduction will continue to be collected as state highway user revenues. (c) Any increase in the federal excise tax, accompanied by state option, shall be disbursed as set forth in subsection (d) of this section. (d) Any revenues derived under subsection (a) of this section will be classified as special revenues and shall be deposited into the State Treasury to the credit of the State Apportionment Fund for distribution under the Arkansas Highway Revenue Distribution Law, § 27-70-201 et seq., there to be used for the construction of state highways, county roads, and municipal streets.