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AR SB801

Bill

Official Source

Status

Passed

4/7/2015

Primary Sponsor

Jason Rapert

Click for details

Origin

Senate

90th General Assembly (2015 Regular)

AI Summary

  • Amends Arkansas Code § 26-52-402(c)(2)(B) to expand the definition of machinery and equipment used directly in manufacturing processes that qualify for sales and use tax exemptions
  • Adds sand and other proppants used to complete new oil or gas wells or to re-complete, redrill, or expand existing oil or gas wells to the list of exempt materials
  • Effective date is the first day of the calendar quarter following the act's effective date
  • Approved April 6, 2015

Legislative Description

To Exempt From Sales And Use Taxes Sand And Other Proppants Used Directly In Certain Manufacturing Processes.

Last Action

Notification that SB801 is now Act 1125

4/7/2015

Committee Referrals

Revenue and Taxation3/19/2015
Revenue & Taxation3/4/2015

Full Bill Text

No bill text available