§ 26-52-502 - Tax return on basis of cash actually received. - Arkansas Statutes

26-52-502. Tax return on basis of cash actually received.

(a) Any person taxable under this chapter doing business wholly or partly on a credit basis may make application to the Director of the Department of Finance and Administration for permission to prepare his or her returns on the basis of cash actually received.

(b) The application shall be granted by the director under such rules and regulations as the director may prescribe.

(c) Any person making the application shall be taxable on all moneys collected during the taxable period.