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AR HB1296

Bill

Official Source

Status

Failed

5/17/2013

Primary Sponsor

Mark Perry

Click for details

Origin

House of Representatives

89th General Assembly (2013 Regular)

AI Summary

  • Exempts sales of investment coins and bullion from Arkansas gross receipts tax and compensating use tax
  • Defines "bullion" as gold, silver, or platinum in bulk form where value depends on content, with minimum purity of 900 parts per thousand
  • Defines "investment coins" as numismatic coins or legal tender manufactured from gold, silver, platinum, palladium, or other metals, issued by U.S. or foreign government, with fair market value exceeding face value
  • Effective on the first day of the calendar quarter following the bill's enactment

Legislative Description

To Create An Exemption From The Sales And Use Tax For Coins, Currency, And Bullion.

Last Action

Died in House Committee at Sine Die adjournment.

5/17/2013

Committee Referrals

Revenue and Taxation2/11/2013

Full Bill Text

No bill text available