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1995 Arkansas Attorney General Reports and Opinions 1 (1995)

handle is hein.sag/sagar0069 and id is 1 raw text is: STATE OF ARKANSAS Office of the Attorney General Winston Bryant Telephone: Attorney General (501) 682-2007 Opinion No. 94-376 January 3, 1995 The Honorable W.J. Bill McCuen Secretary of State State Capitol Little Rock, AR 72201-1094 Dear Mr. McCuen: This is in response to your request for an opinion regarding the minimum corporate franchise tax. You have posed the following specific two-part question: What is the correct amount of the minimum corporate franchise tax and the appropriate disposition of any excess tax determined to have been collected? In response to the first part of your question, it is my opinion that the correct amount of the minimum corporate franchise tax is $59.00. Acts 1987 (1st Ex. Sess.), No. 29, § 1, codified at A.C.A. § 26-54-104(a), provided for an increase in the minimum corporate franchise tax from $17.00 to $50.00. In 1993, section (b) was added to A.C.A. § 26-54-104, providing for an additional $3.00 charge. This charge was designated for funding the Signature Imaging System. S= Acts 1993, No. 1285, §§ 3 and 4. Your question appears to focus on the provisions of Act 50 of 1993, which authorized funding for certain highway and transportation projects. The specific inquiry seems to be whether Act 50 provides for a $6.00 charge in addition to the minimum charge provided for in A.C.A. § 26-54-104. 200 Tower Building, 323 Center Street * Little Rock, Arkansas 72201-2610 /

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