§ 26-57-805 - Additional tax on tobacco products other than cigarettes. - Arkansas Statutes

26-57-805. Additional tax on tobacco products other than cigarettes.

(a) (1) In addition to the excise or privilege taxes levied under 26-57-208, 26-57-803, and 26-57-1102, there is levied an additional tax on tobacco products other than cigarettes on the first sale to wholesalers or retailers within the state at seven percent (7%) of the manufacturer's selling price.

(2) The tax shall be computed on the manufacturer's actual invoice price before discounts and deals.

(b) (1) The tax levied by this section shall be reported and paid by wholesalers licensed pursuant to 26-57-214.

(2) However, retailers shall be liable for reporting and paying this tax when a retailer purchases tobacco products directly from a manufacturer or from a wholesaler or distributor not licensed pursuant to 26-57-214.

(c) The exemptions and waivers allowed under 26-57-209 and 26-57-210 shall apply to this section.

(d) The revenue derived from the additional tax imposed by this section shall be credited to the General Revenue Fund Account of the State Apportionment Fund, there to be distributed with the other gross general revenue collections for that month.

(e) As provided in 26-57-244, the Director of the Department of Finance and Administration may make a direct assessment of excise tax against any person in possession of an untaxed tobacco product.