2015 Arkansas Code
Title 26 - Taxation
Subtitle 5 - State Taxes
Chapter 51 - Income Taxes
Subchapter 25 - Income Tax Refund Check-off and Contribution Programs
§ 26-51-2502 - Disaster Relief Income Tax Check-Off Program.

(a) (1) There is created the Arkansas Disaster Relief Program.

(2) The Revenue Division of the Department of Finance and Administration shall include on the Arkansas individual income tax forms, including those forms on which a husband and wife file separately on the same form and on all corporate income tax forms, a designation as follows:

(A) If you are entitled to a refund, check if you wish to designate [] $1, [] $5, [] $10, [] $20, [] $________ (write in amount), or [] all refund due, of your tax refund for the Arkansas Disaster Relief Program. Your refund will be reduced by this amount.

(B) If you owe an additional amount, check if you wish to contribute an additional [] $1, [] $5, [] $10, [] $20, [] $________ (write in amount) for the Arkansas Disaster Relief Program. If you wish to make a contribution to the program you must enclose a separate check for the amount of your contribution, payable to the Arkansas Disaster Relief Program.

(b) The Department of Finance and Administration shall quarterly certify to the Treasurer of State the amount contributed to the program through this state income tax check-off during the quarter as authorized by this section, and the Treasurer of State shall deduct from the Individual Income Tax Withholding Fund the amount so certified.

(c) The Director of the Department of Finance and Administration shall have the authority to promulgate all rules and regulations and all income tax forms, returns, and schedules necessary to carry out this program.

(d) The Director of the Department of Finance and Administration is authorized to accept any gifts, grants, bequests, devises, and donations made to the State of Arkansas for the purposes of funding the Arkansas Disaster Relief Program. The director shall deposit any of these gifts, grants, bequests, devises, and donations so received into the Arkansas Disaster Relief Program Trust Fund. These gifts, grants, bequests, devises, and donations shall be used together with any other funds appropriated for funding the program provided for in this section. All gifts, grants, bequests, devises, and donations shall be deposited, disbursed, budgeted, and regulated under the procedures prescribed by the Chief Fiscal Officer of the State under § 19-4-807 [repealed].

(e) (1) (A) There is created on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State an Arkansas Disaster Relief Program Trust Fund to be used by the Arkansas Department of Emergency Management for disaster relief.

(B) The Treasurer of State shall credit to the fund the amount certified each quarter in accordance with subsection (b) of this section.

(2) (A) The moneys credited to this fund shall be held as trust funds in interest-bearing accounts only.

(B) All interest earned shall be credited to the fund and shall be used only for the purposes of that fund.

(3) All funds deposited into the fund and all interest earned on deposits and the fund balance in the fund may be disbursed as appropriated in each fiscal year of the biennium for the program created by this subchapter.

(f) (1) The Revenue Division of the Department of Finance and Administration may establish any rule to effectively carry out the revenue producing provisions of this section.

(2) The Director of the Department of Finance and Administration may promulgate rules to carry out the provisions of this section that allow the director to accept gifts, grants, bequests, devises, and donations.