Ark. Code § 26-74-505
Current with legislation from 2024 Fiscal and Special Sessions.
Any tax levied under this subchapter shall cease to be collected when the indebtedness has been paid or redeemed. It is recognized that the tax cannot practically be stopped at the exact time the indebtedness is paid or redeemed, so nominal excess may result. Therefore, any surplus shall be transferred to the county general fund.
Ark. Code § 26-74-505