Arkansas compliance at a glance
- Sales tax: 6.50% state rate. State 6.5%; combined often 9-11%.
- Late fees: Up to 1.5% per month. (Ark. Const. art. 19, 搂13) Constitutional usury cap 17%/yr (or 5% over federal discount rate, whichever is higher).
- Prompt-pay law: Arkansas Prompt Payment Act (Ark. Code 搂22-9-205); construction 搂18-44-115. Public: 30 days from invoice. Construction subs paid within 10 days of prime receiving payment.