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AR HB1792
Bill
Status
Failed
4/27/2011
Primary Sponsor
Homer Lenderman
Click for details
AI Summary
- Adds subsection (c) to Arkansas Code § 26-52-408 to exempt cotton bale wrap and module covers from sales and use taxes
- Exempts gross receipts or proceeds from sales of bale wrap and module covers used for baling, packaging, wrapping, storing, and transporting cotton from field to cotton yard or gin
- Exempts these materials from gross receipts tax under the Arkansas Gross Receipts Act of 1941 and compensating use tax under the Arkansas Compensating Tax Act of 1949
- Effective on the first day of the calendar quarter following the act's effective date
Legislative Description
To Provide A Sales And Use Tax Exemption For Cotton Bale Wrap And Module Covers.
Last Action
House Died in House Committee at Sine Die adjournment.
4/27/2011
Committee Referrals
Revenue and Taxation3/2/2011
Full Bill Text
No bill text available