The assessment is levied to promote the growth and development of corn and grain sorghum 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.
Taxation
The assessment rate is $0.01 per bushel on all corn and grain sorghum grown within Arkansas. The assessment is to be deducted from the amount paid the producer at the first point of sale, whether within or without the state or at the point the corn or grain sorghum enters into the US Department of Agriculture loan program.
Applicable Statutes
AR Code Ann. §2-20-801 et seq.
