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AR SB343
Bill
Status
Failed
4/27/2011
Primary Sponsor
Bruce Holland
Click for details
AI Summary
- Amends Arkansas Code § 26-52-408 to exempt materials used for baling, packaging, tying, wrapping, or sealing animal feed products from gross receipts tax and compensating use tax
- Exempted materials include baling twine or wire, net wrap, and plastic silage wrap
- Defines "animal feed products" as hay, straw, grass, fodder, silage, and similar products used for feeding animals
- Exemption applies to both the Arkansas Gross Receipts Act of 1941 and the Arkansas Compensating Tax Act of 1949
- Effective on the first day of the calendar quarter following the date the act becomes law
Legislative Description
To Create An Exemption From The Sales And Uses Taxes For Materials Used To Bale, Package, Tie, Wrap, Or Seal Animal Feed Products.
Last Action
Senate Sine Die adjournment
4/27/2011
Committee Referrals
Revenue and Taxation3/31/2011
Revenue & Taxation2/16/2011
Full Bill Text
No bill text available