Any person or entity liable for the additional one percent (1%) gross receipts tax authorized by this subchapter to be levied by cities of the first class in which is located a city park of one thousand (1,000) acres or more shall be subject to a fine of fifty dollars ($50.00) per day for each day the person or entity fails to remit the tax after its due date.
Ark. Code Ann. § 26-75-601
Penalty
Applied in 1 court decision — leading case City of Hot Springs Advertising v. Cole (1994)
Most recently applied in City of Hot Springs Advertising v. Cole (June 1994)
Acts 1981, No. 542, § 1; A.S.A. 1947, § 19-4614.1.
Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.