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2019 Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Subtitle 4 - Miscellaneous Regulated Industries
Chapter 116 - Paid Fantasy Sports Games
§ 23-116-104. Tax on Paid Fantasy Sports Games
Universal Citation:
AR Code § 23-116-104 (2019)
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(a) A game operator shall pay a tax for the privilege of conducting paid fantasy sports games under this chapter in an amount of eight percent (8%) of the game operator's gross paid fantasy sports game revenues from the previous state fiscal year.
(b) The special privilege tax levied in subsection (a) of this section shall be:
(1) Reported and remitted to the Department of Finance and Administration on a quarterly basis through the Arkansas Taxpayer Access Point or its successor on forms prescribed by the Secretary of the Department of Finance and Administration; and
(2) Subject to the Arkansas Tax Procedure Act, § 26-18-101 et seq.
(c) The secretary shall promulgate rules to administer the tax levied under this section.
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