26 CAR § 6-104 – Disclosure or use of information by preparers of returns

(a) Any person engaged in the business of preparing, or providing services in connection with the preparation of, returns of tax administered under the Arkansas Tax Procedure Act, Arkansas Code § 26-18-101 et seq., or any person who, for compensation, prepares any such return for any other person, and who discloses any information furnished to him or her for or in connection with the preparation of any such return, or uses any such information for any purpose other than to prepare or assist in preparing any such return shall pay a penalty of two hundred fifty dollars ($250) for each such disclosure or use, but the total amount imposed under this subsection on such a person for any calendar year shall not exceed ten thousand dollars ($10,000).
(b) Subsection (a) of this section shall not apply to a disclosure of information if such disclosure is made either:
1. (1) Pursuant to the Taxpayer Bill of Rights, Arkansas Code § 26-18-801 et seq.;
2. (2) Pursuant to an order of a court; or
3. (3) For quality or peer reviews, which are conducted under the auspices of the American Institute of Certified Public Accountants or the United States Securities and Exchange Commission.
(c) The criminal penalties provided for herein are in addition to any fines, penalties, or imprisonment imposed by Arkansas Code § 26-18-303.