§ 26-18-810 - Disclosure or use of information by preparers of returns. - Arkansas Statutes

26-18-810. Disclosure or use of information by preparers of returns.

(a) Imposition of Penalty. If any person who is engaged in the business of preparing, or providing services in connection with the preparation of, returns of tax administered under the Arkansas Tax Procedure Act, 26-18-101 et seq., or when any person who, for compensation prepares any such return for any other person, and who:

(1) Discloses any information furnished to him for, or in connection with, the preparation of any such return; or

(2) Uses any such information for any purpose other than to prepare, or assist in preparing, any such return, shall pay a penalty of two hundred fifty dollars ($250) for each such disclosure or use, but the total amount imposed under this subsection on such a person for any calender year shall not exceed ten thousand dollars ($10,000).

(b) Subsection (a) of this section shall not apply to a disclosure of information if such disclosure is made either:

(1) Pursuant to any other provision of this subchapter; or

(2) Pursuant to an order of a court; or

(3) For quality or peer reviews, which are conducted under the auspices of the American Institute of Certified Public Accountants or the Securities and Exchange Commission.

(c) Subsection (a) of this section shall be in addition to the provisions of 26-18-303.