The assessment is levied to promote the growth and development of the rice industry in Arkansas by research, extension, promotion, and market development. The assessment is reported/paid by the purchaser. Monthly reporting forms are mailed out by the Miscellaneous Tax Section and are required to be completed/filed by the 15th day of each month following the report month.
The assessment rate is $0.027 per bushel on rice grown within Arkansas. The $0.027 per bushel assessment is levied at the rate of $0.135 per bushel to be paid by the buyer at the first point of sale and $0.0135 to be paid by the producer on all rice grown within this state. The buyer is responsible for reporting/paying the rice assessment based on the first point of sale or at the point rice enters into the US Department of Agriculture loan program.
AR Code Ann. §2-20-501 et seq.