Ark. Code § 26-60-108

Current with all legislation passed during the 2023 Regular and First Extraordinary Sessions.
Section 26-60-108 - Real Property Transfer Tax Affidavit of Compliance form and receipt - Completion, storage, audit, etc
(a) The Secretary of the Department of Finance and Administration or his or her agent before accepting payment of the real property transfer tax shall require that the affidavit portion of the Real Property Transfer Tax Affidavit of Compliance form and receipt be completed, including the statement of the full amount of the consideration for the transaction and the amount of tax to be reflected on the receipt portion thereof in evidence that such information was furnished by the person signing the affidavit before the secretary shall receive payment of the tax, and sign the receipt. The secretary shall attach the stamps to the face of the instrument.
(b)
(1) The original copy of the affidavit and receipt shall be retained by the secretary or his or her agent and shall be treated as a confidential tax record in the same manner as required by law for confidentiality of state income tax returns.
(2) The information shall be released to duly elected county assessors and become a public document.
(c) If authorized by the secretary, an electronic copy of an affidavit described in this section may be used and retained in the same manner as other electronic documents.

Ark. Code § 26-60-108

Amended by Act 2019, No. 910,§ 4296, eff. 7/1/2019.
Amended by Act 2015, No. 165,§ 1, eff. 7/22/2015.
Amended by Act 2015, No. 165,§ 2, eff. 7/22/2015.
Acts 1971, No. 275, § 5; 1983, No. 754, § 4; 1985, No. 926, § 4; 1985, No. 1063, § 3; 1985, No. 1081, § 3; A.S.A. 1947, § 84-4305n; Acts 2011, No. 700, § 2.