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AR SB1000

Bill

Official Source

Status

Failed

5/17/2013

Primary Sponsor

Alan Clark

Click for details

Origin

Senate

89th General Assembly (2013 Regular)

AI Summary

  • Creates a sales and use tax exemption for paints, primers, bonding agents, and other chemicals used in manufacturing, improving, or enhancing products sold at retail
  • Applies the exemption only when these materials are integral to coating, priming, etching, bonding, or engraving the end product
  • Exempts qualifying materials from both the Arkansas Gross Receipts Tax (§ 26-52-101 et seq.) and the Arkansas Compensating Use Tax (§ 26-53-101 et seq.)
  • Becomes effective on the first day of the calendar quarter following the act's enactment date

Legislative Description

To Create An Exemption From The Sales And Use Tax For Certain Paints, Primers, Bonding Agents, And Other Chemicals.

Last Action

Sine Die adjournment

5/17/2013

Committee Referrals

Revenue & Taxation3/11/2013

Full Bill Text

No bill text available