Arkansas Code Title 26. Taxation § 26-57-1207. Taxable year--Decal for remainder of year--First year payment option

(a)(1) For the purpose of the annual or special vending device decal issued under § 26-57-1204, the decal fee year shall begin on the first day of July and end on the last day of the following June. This decal fee year shall be divided into two (2) halves.

(2) The Secretary of the Department of Finance and Administration shall in each instance issue annual vending device decals for the remainder of the decal year upon payment of the annual vending device decal fee on the basis of the full amount of the annual decal applied for between July 1 and December 31 of the decal fee year, and in return for the payment of an amount of one-half ( 1/2 ) of the annual vending device decal fee, for any annual decal applied for between January 1 and June 30 of the decal fee year.