The Tax Division is responsible for assessing the property of all telecommunications providers, including all local exchange carriers, interexchange carriers, private pay phone providers, and cellular telecommunications carriers, gas companies, pipeline companies, railroads, electric power companies, water companies, barge lines, airlines, cable television companies, private car companies, motor carriers and bus lines. Ark. Code Ann. §§ 26-26-1601, 26-26-1701 and 26-26-1801.
January 1st. Ark. Code. Ann. §26-26-1602.
Utility reports must be filed on or before March 1st . Ark. Code. Ann. § 26-26-1602. Private Car reports are due on or before April 1st . Ark. Code. Ann. § 26-26-1702.
A company may request an extension of time to file the Annual Report. The maximum allowable extension of time is 60 days. The extension request must be made in writing before the applicable due date for the Report and there must be good cause shown for extending the filing date. Ark. Code. Ann. § 26-26-1604.
Companies that fail to file Annual Reports on or before the statutory deadline or the extended deadline are considered delinquent and reported to the Department of Finance and Administration (DFA) for appropriate action. The DFA may impose a penalty for each day that the company is delinquent in filing the report. Ark. Code. Ann. § 26-26-1604.
Yes, a company may request an informal hearing before the final assessment of the company’s property is determined. Ark. Code. Ann. §26-26-1609.
A final assessment notice is mailed to the owner of each company subject to assessment by the Tax Division. If the owner of the property disputes the amount of the assessment, the owner of the property may file a written petition for review of the assessment with the appropriate commission within ten (10) days of the date of the notice of the assessment. Ark. Code. Ann. §26-26-1610.
The Tax Division must certify all utility and railroad assessments to the counties on or before July 15 of each year. The counties bill and collect the taxes on the assessments certified by the Tax Division. Ark. Code. Ann. §26-26-1612. The assessments on airlines, barge lines, motor carriers and private car companies are certified to the Department of Finance and Administration for billing and collection of the taxes made on the assessments certified by the Tax division. Ark. Code Ann. §26-26-1614.