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AR HB1178

Bill

Official Source

Status

Passed

3/25/2015

Primary Sponsor

Matthew Pitsch

Click for details

Origin

House of Representatives

90th General Assembly (2015 Regular)

AI Summary

  • Amends Arkansas Code § 14-143-121 to add a new subsection (c) providing sales and use tax exemptions for lessees of intermodal authorities under § 14-143-126
  • Exempts lessees from state, county, and municipal sales and use taxes on purchases of tangible personal property and services if the lessee's facility is newly constructed after the effective date and has not been previously occupied by another authority lessee
  • Requires that the lessee has not ceased or substantially reduced similar operations at any establishment within 50 miles of the intermodal facility
  • Limits the exemption to tangible personal property and services that are consumed, used, or performed at the lessee's facility within the intermodal facility
  • Requires the lessee's facility to carry out the essential governmental functions of the authority under § 14-143-104(b)

Legislative Description

To Provide A Sales And Use Tax Exemption For A Lessee Of An Intermodal Authority In Certain Circumstances.

Last Action

Notification that HB1178 is now Act 691

3/25/2015

Committee Referrals

Revenue and Taxation3/17/2015
Revenue & Taxation2/3/2015
Revenue and Taxation1/27/2015

Full Bill Text

No bill text available