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AR HB1389

Bill

Official Source

Status

Failed

4/27/2011

Primary Sponsor

Andy Mayberry

Click for details

Origin

House of Representatives

88th General Assembly (2011 Regular)

AI Summary

  • Reduces the state sales tax rate on food and food ingredients from 1.875% to 7/8% (0.875%)
  • Reduces the state use tax rate on food and food ingredients from 1.875% to 7/8% (0.875%)
  • Maintains revenue distribution: 76.6% to general revenues, 8.5% to Property Tax Relief Trust Fund, and 14.9% to Educational Adequacy Fund
  • Applies the same collection, reporting, and payment procedures as other Arkansas sales and use taxes
  • Becomes effective on the first day of the calendar quarter following the act's effective date

Legislative Description

To Reduce The State Sales And Use Tax Rate On Food And Food Ingredients.

Last Action

House Died in House Committee at Sine Die adjournment.

4/27/2011

Committee Referrals

Revenue and Taxation2/10/2011

Full Bill Text

No bill text available