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AR HB1028
Bill
Status
Failed
5/1/2017
Primary Sponsor
Tim Lemons
Click for details
AI Summary
- Adds Arkansas Code § 26-52-452 to exempt sales of certain buses, coaches, and motor vehicles from gross receipts tax and compensating use tax
- Defines "bus" as a passenger bus or coach with seating capacity of at least 15 passengers operated for hire to carry passengers or cargo
- Excludes from the exemption buses used exclusively for transporting children to and from school and school-related activities or as part of a public transit system
- Becomes effective on the first day of the calendar quarter following the act's effective date
Legislative Description
To Exempt Certain Buses, Coaches, And Other Motor Vehicles From Sales And Use Taxes.
Last Action
Died in House Committee at Sine Die Adjournment
5/1/2017
Committee Referrals
Revenue and Taxation1/9/2017
Full Bill Text
No bill text available