AR HB1257

Amends Arkansas Code § 26-52-510(e) to allow a credit for sales or use taxes paid to another state for the purchase of a motor vehicle, trailer, or semitrailer that is first registered in Arkansas.

Amends Arkansas Code § 26-53-131(c) to allow the same tax credit, changing the code from disallowing such credits to permitting them.

Declares an emergency, finding that the previous disallowance of tax credits for out-of-state vehicle purchases caused an unfair burden on Arkansas citizens.

Provides for immediate implementation upon gubernatorial approval, expiration of the veto period, or veto override by the legislature.