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AR SB977
Bill
Status
Failed
4/27/2011
Primary Sponsor
Michael Lamoureux
Click for details
AI Summary
- Creates a sales and use tax exemption for new vehicles manufactured to operate on compressed natural gas under Arkansas Code Title 26, Chapter 52, Subchapter 4.
- Exempts newly acquired vehicles that owners certify have been converted to operate on compressed natural gas in compliance with § 26-62-214 if conversion occurs within 30 days of purchase.
- Exempts gross receipts and gross proceeds from both the Arkansas Gross Receipts Act of 1941 and the Arkansas Compensating Tax Act of 1949.
- Effective date is January 1, 2012.
Legislative Description
To Create An Exemption From The Sales And Use Tax For Vehicles That Operate On Compressed Natural Gas.
Last Action
Senate Sine Die adjournment
4/27/2011
Committee Referrals
Revenue & Taxation3/7/2011
Full Bill Text
No bill text available