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AR HB1647
Bill
Status
5/1/2017
Primary Sponsor
Charlotte Douglas
Click for details
AI Summary
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Amends Arkansas Code § 26-52-103(13)(B) to exclude manufacturer's rebates on motor vehicles from the definition of "gross receipts," "gross proceeds," or "sales price" under the Arkansas Gross Receipts Act of 1941.
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Amends Arkansas Code § 26-53-102(13)(B) to exclude manufacturer's rebates on motor vehicles from the definition of "sales price" or "purchase price" under the Arkansas Compensating Tax Act of 1949.
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Manufacturer rebates on motor vehicles will not be included in calculations for determining state sales and use tax obligations.
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Effective date is the first day of the calendar quarter following the enactment of the act.
Legislative Description
To Exclude Manufacturer Rebates On Motor Vehicles From The Definitions Used For Purposes Of Determining Sales And Use Taxes.
Last Action
Died in House Committee at Sine Die Adjournment
5/1/2017