Loading chat...
AR HB1012
Bill
Status
Failed
4/27/2011
Primary Sponsor
Garry Smith
Click for details
AI Summary
- Adds new section 26-52-444 to Arkansas Code exempting manufacturer's and dealer's rebates on motor vehicles from gross receipts tax
- Exempts manufacturer's and dealer's rebates on motor vehicles from compensating use tax under the Arkansas Compensating Tax Act of 1949
- Applies to gross receipts or gross proceeds derived from motor vehicle rebates offered by manufacturers or dealers
- Effective on the first day of the calendar quarter following the date the act becomes law
Legislative Description
To Exempt Sales And Use Tax On The Manufacturer's Or Dealer's Rebate Of A Motor Vehicle.
Last Action
House Died in House Committee at Sine Die adjournment.
4/27/2011
Committee Referrals
Revenue and Taxation1/10/2011
Full Bill Text
No bill text available