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AR HB2272
Bill
Status
Failed
5/17/2013
Primary Sponsor
Ann Clemmer
Click for details
AI Summary
- Amends Arkansas Code § 26-52-510(b)(1)(B) to increase the sales and use tax exemption threshold for motor vehicles, trailers, and semitrailers from $4,000 to $5,000
- Amends Arkansas Code § 26-53-126(b)(2) to increase the same tax exemption threshold from $4,000 to $5,000
- No sales or use tax is due on new or used motor vehicle, trailer, or semitrailer sales with a total consideration less than $5,000
- Becomes effective on the first day of the calendar quarter following the act's effective date
Legislative Description
To Increase The Sales And Use Tax Exemption For A Motor Vehicle, Trailer, Or Semitrailer.
Last Action
Died in House Committee at Sine Die adjournment.
5/17/2013
Committee Referrals
Revenue and Taxation3/12/2013
Full Bill Text
No bill text available