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AR SB431
Bill
Status
4/27/2011
Primary Sponsor
Johnny Key
Click for details
AI Summary
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Amends Arkansas Code § 26-52-510(e) to allow a credit for sales or use taxes paid to another state for the purchase of a motor vehicle, trailer, or semitrailer that is first registered in Arkansas.
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Amends Arkansas Code § 26-53-131(c) to allow the same credit for motor vehicles, trailers, and semitrailers first registered by the purchaser in Arkansas, and repeals subsection (c)(2).
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Declares an emergency clause, finding that the previous disallowance of the tax credit created an unfair burden on Arkansas citizens.
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Establishes immediate effectiveness upon Governor approval, expiration of the veto period, or veto override by the legislature.
Legislative Description
To Allow A Credit For Sales Or Use Taxes Paid To Another State For The Purchase Of A Motor Vehicle, A Trailer, Or A Semitrailer And To Declare An Emergency.
Last Action
Senate Sine Die adjournment
4/27/2011