Loading chat...

AR HB1387

Bill

Official Source

Status

Introduced

2/17/2015

Primary Sponsor

Jim Dotson

Click for details

Origin

House of Representatives

90th General Assembly (2015 Regular)

AI Summary

  • Increases the sales and use tax exemption threshold for motor vehicles, trailers, and semitrailers from $4,000 to $5,000
  • Amends Arkansas Code § 26-52-510(b)(1)(B) to exempt sales under $5,000 from tax liability
  • Amends Arkansas Code § 26-53-126(b)(2) with identical $5,000 exemption threshold
  • Effective on the first day of the calendar quarter following enactment of the act

Legislative Description

To Increase The Sales And Use Tax Exemption For A Motor Vehicle, Trailer, Or Semitrailer.

Last Action

Recommended for study in the Interim by Joint Interim Committee on REVENUE & TAXATION- HOUSE

4/1/2015

Committee Referrals

Revenue and Taxation2/17/2015

Full Bill Text

No bill text available