Ark. Code Ann. § 23-116-104: Tax on paid fantasy sports games

(a) A game operator shall pay a tax for the privilege of conducting paid fantasy sports games under this chapter in an amount of eight percent (8%) of the game operator's gross paid fantasy sports game revenues from the previous state fiscal year. (b) The special privilege tax levied in subsection (a) of this section shall be: (1) Reported and remitted to the Department of Finance and Administration on a quarterly basis through the Arkansas Taxpayer Access Point or its successor on forms prescribed by the Secretary of the Department of Finance and Administration; and (2) Subject to the Arkansas Tax Procedure Act, § 26-18-101 et seq. (c) The secretary shall promulgate rules to administer the tax levied under this section. Amended by Act 2019, No. 910,§ 3550, eff. 7/1/2019. Amended by Act 2019, No. 910,§ 3549, eff. 7/1/2019. Added by Act 2017, No. 1075,§ 2, eff. 8/1/2017.

(a) A game operator shall pay a tax for the privilege of conducting paid fantasy sports games under this chapter in an amount of eight percent (8%) of the game operator's gross paid fantasy sports game revenues from the previous state fiscal year.

(b) The special privilege tax levied in subsection (a) of this section shall be: (1) Reported and remitted to the Department of Finance and Administration on a quarterly basis through the Arkansas Taxpayer Access Point or its successor on forms prescribed by the Secretary of the Department of Finance and Administration; and (2) Subject to the Arkansas Tax Procedure Act, § 26-18-101 et seq.

(1) Reported and remitted to the Department of Finance and Administration on a quarterly basis through the Arkansas Taxpayer Access Point or its successor on forms prescribed by the Secretary of the Department of Finance and Administration; and

(2) Subject to the Arkansas Tax Procedure Act, § 26-18-101 et seq.

(c) The secretary shall promulgate rules to administer the tax levied under this section.