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AR HB1003

Bill

Official Source

Status

Failed

5/17/2013

Primary Sponsor

Homer Lenderman

Click for details

Origin

House of Representatives

89th General Assembly (2013 Regular)

AI Summary

  • Amends Arkansas Code § 26-52-408 to add bale wrap to existing sales and use tax exemptions for cotton-related materials
  • Exempts bale wrap used for baling, packaging, wrapping, storing, or transporting cotton from the field to a cotton yard or cotton gin from gross receipts tax and compensating use tax
  • Maintains existing exemptions for bagging and packaging materials used by cotton gins and twine used in tomato crop production
  • Takes effect on the first day of the calendar quarter following the enactment date of the bill

Legislative Description

To Create A Sales And Use Tax Exemption For Bale Wrap Used For Cotton.

Last Action

Died in House Committee at Sine Die adjournment.

5/17/2013

Committee Referrals

Revenue and Taxation1/14/2013

Full Bill Text

No bill text available