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AR HB1005
Bill
Status
Failed
5/17/2013
Primary Sponsor
Robert Altes
Click for details
AI Summary
- Amends Arkansas Code § 26-52-403 to add a new subsection exempting repair and replacement parts for farm equipment and machinery from gross receipts tax under the Arkansas Gross Receipts Tax Act of 1941
- Exempts repair and replacement parts for farm equipment and machinery from compensating use tax under the Arkansas Compensating Tax Act of 1949
- Effective date is the first day of the calendar quarter following the bill's enactment
Legislative Description
To Exempt Repair Or Replacement Parts For Farm Equipment And Machinery From The Gross Receipts And Use Tax.
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