Ark. Code Ann. § 26-52-503 (2020)

History. Acts 1941, No. 386, § 14; 1979, No. 915, § 4; A.S.A. 1947, § 84-1915; Acts 1992 (2nd Ex. Sess.), No. 6, § 1; 2003, No. 747, §§ 2, 3; 2017, No. 1126, § 1; 2019, No. 910, §§ 3866, 3867.

Amendments. The 2017 amendment substituted “early” for “prompt” in the section heading; substituted “shall remit” for “must remit” in (b); substituted “The discount for early payment” for “For tax payments made on or after February 1, 1993, the discount for prompt payment” in (c)(1)(A); rewrote the introductory language of (c)(2)(C); added (c)(2)(C)(i) through (v); and made stylistic changes.

The 2019 amendment substituted “Secretary of the Department of Finance and Administration” for “Director of the Department of Finance and Administration” in (a); and substituted “secretary” for “director” twice in (a), in (b), and in the introductory language of (c)(2)(C).