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AR SB274
Bill
Status
Passed
3/29/2011
Primary Sponsor
Gilbert Baker
Click for details
AI Summary
- Increases the sales and use tax exemption threshold for motor vehicles, trailers, and semitrailers from $2,500 to $5,000
- Amends Arkansas Code § 26-52-510(b)(1)(B) to eliminate sales tax on purchases below $5,000
- Amends Arkansas Code § 26-53-126(b)(2) to eliminate use tax on purchases below $5,000
- Effective on the first day of the calendar quarter following the act's effective date
Legislative Description
To Increase The Amount Below Which Sales And Use Tax Is Not Due On The Purchase Of A Motor Vehicle, Trailer, Or Semitrailer.
Last Action
Senate Notification that SB274 is now Act 753
3/29/2011
Committee Referrals
Revenue & Taxation3/23/2011
Revenue and Taxation2/22/2011
Revenue & Taxation2/8/2011
Full Bill Text
No bill text available