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AR SB1006

Bill

Official Source

Status

Passed

4/23/2013

Primary Sponsor

Jeremy Hutchinson

Click for details

Origin

Senate

89th General Assembly (2013 Regular)

AI Summary

  • Adds Section 26-52-446 to Arkansas Code to exempt nonprofit blood donation organizations from gross receipts tax and compensating use tax on sales of tangible personal property and services
  • Defines "nonprofit blood donation organization" as a 501(c)(3) organization that obtains, collects, separates, treats, tests, stores, processes, or distributes human blood or blood products
  • Requires blood donation organizations to be registered as a blood establishment with the United States Food and Drug Administration to qualify for the exemption
  • Exemption becomes effective on the first day of the calendar quarter following the act's effective date
  • Applies to all purchases of tangible personal property and services by qualifying blood donation organizations

Legislative Description

To Create An Exemption From The Sales And Use Tax For Nonprofit Blood Donation Organizations.

Last Action

Notification that SB1006 is now Act 1419

4/23/2013

Committee Referrals

Revenue and Taxation4/12/2013
Revenue & Taxation3/11/2013

Full Bill Text

No bill text available