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AR HCR1006
Concurrent Resolution
Status
3/9/2012
Primary Sponsor
Larry Cowling
Click for details
AI Summary
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Authorizes Speaker Moore to introduce a bill repealing Acts 2011, No. 1058, which had exempted Class Six and Class Seven trucks registered under the International Registration Plan and engaged in interstate commerce from sales and use taxes.
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Repeals the exemption of all semitrailers from sales and use taxes that was established by Acts 2011, No. 1058.
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Restores the previous Arkansas Code sections to their original effect by preventing Acts 2011, No. 1058 from taking effect on its scheduled date of July 1, 2012.
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Acts 2011, No. 1058 had offset general revenues lost from these exemptions with revenues from distillate motor fuel taxes; this repeal would eliminate those offsets.
Legislative Description
To Authorize The Introduction Of A Nonappropriation Bill To Repeal Acts 2011, No. 1058, That Exempted From The Sales And Use Tax The Gross Receipts Derived From The Sale Of Certain Trucks And Semitrailers.
Last Action
House Died in House Committee at Sine Die adjournment.
3/9/2012