Section 26-2-106 - Failure to list and value property(a)(1) Any county assessor or any member of a county equalization board who shall knowingly and willfully fail or refuse to list and value any item of property subject to taxation, knowing that the item of property is subject to taxation and is not listed and valued for that year, or who shall fail or refuse to value any property at the percent of its market value as certified by the Arkansas Public Service Commission shall be subject to a penalty of five hundred dollars ($500) for each offense, to be recovered by a civil action in the name of the state.(2) Not exceeding twenty percent (20%) of these recoveries may be retained by the commission to pay the fee of the attorney for them and the other expenses of the litigation, with the remainder of the recovery to be deposited into the State Treasury to the credit of the General Revenue Fund Account.(b)(1) Any suits under subsection (a) of this section shall be brought within one (1) year after the cause of action shall accrue and not thereafter.(2) All actions may be brought in the county where the defendant resides, or in any adjoining county, and service of summons had on the defendant in the county of his or her residence.(c) The powers granted in this section to the commission shall be cumulative to the powers heretofore granted to the commission.Acts 1917, No. 263, §§ 2, 3, 4, p. 1359; C. & M. Dig., §§ 9922, 9923; Pope's Dig., §§ 13690, 13691; A.S.A. 1947, §§ 84-1606, 84-1607, 84-1607n.