Citifinancial Retail Services Division of Citicorp Trust Bank, FSB v. Weiss

Tom Glaze, Justice.

Citifinancial Retail Services Division of Citicorp Trust Bank (Citifinancial) appeals a Pulaski County Circuit Court order granting summary judgment in favor of the Arkansas Department of Finance & Administration (DF&A). The circuit court found that Citifinancial was not a “taxpayer” under Ark. Code Ann. § 26-52-309 (Supp. 2005), and therefore was not entitled to a refund for sales taxes paid on defaulted consumer credit accounts. The circuit court also determined that the absence of a statutory provision allowing for the assignment of tax refunds barred Citifinancial’s…