Loading chat...
AR SB137
Bill
Status
4/27/2011
Primary Sponsor
Jerry Taylor
Click for details
AI Summary
-
Exempts the first $50,000 of purchase price for new or used machinery, equipment, and related attachments used in timber harvesting from Arkansas Gross Receipts Tax and Compensating Use Tax
-
Requires equipment to be purchased by persons whose primary activity is timber harvesting and used exclusively in off-road timber harvesting activities
-
Defines covered off-road equipment to include skidders, feller bunchers, delimbers, chippers, loaders, and bulldozers equipped with grapples
-
Excludes repair and replacement parts from the exemption
-
Allows the Department of Finance and Administration to administer the exemption as a rebate, effective the first day of the calendar quarter following enactment
Legislative Description
To Provide That The Sale Of Machinery Or Equipment And Related Attachments Used For The Harvesting Of Timber Are Exempt From The Arkansas Gross Receipts Tax And The Arkansas Compensating Use Tax.
Last Action
Senate Sine Die adjournment
4/27/2011