Ark. Code § 26-57-208

Current with legislation from 2024 Fiscal and Special Sessions.

Section 26-57-208 - Levy of tax - Rates of tax

An excise or privilege tax is levied as follows:

(1) The excise or privilege tax on cigarettes sold in this state is ten dollars and fifty cents ($10.50) per one thousand (1,000) cigarettes sold; and

(2)

(A)

(i) An excise or privilege tax is levied on the first sale of tobacco products other than cigarettes at the rate of sixteen percent (16%) of the invoice price, before discounts.

(ii) However, the excise or privilege tax levied under subdivision (2)(A)(i) of this section is subject to the limitation stated in subdivision (2)(B) of this section.

(B)

(i) The total amount of the excise or privilege taxes levied under this section and §§ 26-57-803, 26-57-805, and 26-57-807 on cigars shall not exceed fifty cents (50¢) per cigar.

(ii) If the total amount of the excise or privilege taxes levied under this section and §§ 26-57-803, 26-57-805, and 26-57-807 on cigars would exceed fifty cents (50¢) per cigar, the excise or privilege tax rates under this section and §§ 26-57-803, 26-57-805, and 26-57-807 shall be reduced proportionally.

(iii) The Secretary of the Department of Finance and Administration shall adopt rules to implement this subdivision (2)(B).

Ark. Code § 26-57-208

Amended by Act 2019, No. 580,§ 7, eff. 9/1/2019.

Amended by Act 2019, No. 1071,§ 9, eff. 7/24/2019.

Amended by Act 2015, No. 1119,§ 6, eff. 4/6/2015.

Amended by Act 2015, No. 1119,§ 5, eff. 4/6/2015.

Amended by Act 2013, No. 510,§ 1, eff. the first day of the second calendar month following the effective date of the act.

Acts 1977, No. 546, § 7; 1983, No. 399, § 1; 1985, No. 356, § 1; A.S.A. 1947, § 84-4507; Acts 1987, No. 628, § 2; 1997, No. 1337, § 3; 1999, No. 1246, § 1; 2007, No. 817, § 1; 2009, No. 940, § 1.