§ 66-27. Levy.

(a)

There is levied a countywide (excise) sales tax of one percent upon the gross receipts from the sale at retail within the county on or after August 1, 1990, of all items which are subject to the state gross receipts tax, as provided by A.C.A. § 26-74-207 et seq.

(b)

There is levied a countywide (excise) use tax upon the storage, use or consumption within the county of tangible personal property purchased, leased or rented from any retailer outside the state on or after August 1, 1990, for the storage, use or other consumption in the county, at the rate of one percent of the sale price of the property or, for leases or rentals, of the lease or rental price, as provided by A.C.A. § 26-74-207 et seq.

(c)

The levy, exemption from and collection of the countywide sales tax and the countywide use tax imposed by this section shall be made in accordance with the following:

(1)

All applicable definitions and other provisions of the Arkansas Gross Receipts Tax Act of 1941 (A.C.A. § 26-52-101 et seq.), as amended, and the Arkansas Compensating Tax Act of 1949 (A.C.A. § 26-53-101 et seq.) (use tax), as amended, except that the definition of single transaction as set out in this article shall apply.

(2)

The rules and regulations pertaining to the state gross receipts tax and the state compensating tax as promulgated by the state department of finance and administration, division of revenues.

(3)

Any county general sales or use tax levied pursuant to this article shall be levied and collected only on the first $2,500.00 of gross receipts, gross proceeds, or sales price on the sale of motor vehicles, aircraft, watercraft, modular homes, manufactured homes, or mobile homes, and vendors shall be responsible for collecting and remitting the tax only on the first $2,500.00 of gross receipts, proceeds, or sales price on the sale of the items listed herein.

(Code 1993, § 70-27; Ord. No. 90-14, arts. 1—3, 6-14-1990; Ord. No. 91-22, art. I, 6-13-1991; Ord. No. 07-34, art. 2, 12-20-2007)