§ 23-114-601. Tax levied

AR Code § 23-114-601 (2018) (N/A)
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(a) There is levied an excise tax of three-tenths of one cent (0.3cent(s)) upon the sale of each bingo face sold by a licensed distributor to a licensed authorized organization in this state.

(b) Items taxed under subsection (a) of this section shall be exempt from the Arkansas Gross Receipts Act of 1941, § 26-52-101 et seq., and the Arkansas Compensating Tax Act of 1949, § 26-53-101 et seq.