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AR HB1552
Bill
Status
4/27/2011
Primary Sponsor
Bruce Westerman
Click for details
AI Summary
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Exempts eligible construction materials from Arkansas gross receipts tax and compensating use tax when used in publicly funded road construction projects.
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Defines eligible construction materials as items or products used directly as part of a public road construction project paid for with public funds from the state, political subdivisions, or federal government.
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Applies only to the portion of road construction projects that is paid for with public funds, including construction, restoration, reconstruction, renovation, or repair of roads, highways, streets, bridges, overpasses, interchanges, or rights-of-way.
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Directs the Director of the Department of Finance and Administration to promulgate rules to implement the exemption.
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Effective date: July 1, 2012.
Legislative Description
To Create An Exemption From Sales And Use Tax For Construction Materials Paid For With Public Funds And Used For Public Road Construction Projects.
Last Action
House Died in House Committee at Sine Die adjournment.
4/27/2011