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AR HB1795
Bill
Status
Failed
5/1/2017
Primary Sponsor
Mickey Gates
Click for details
AI Summary
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Amends Arkansas Code § 26-52-401(12) to classify items originally purchased for resale that are later donated as having been sold for resale purposes.
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Establishes that the sales price for donated items is the amount received in exchange for the item at the time of donation.
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Effective on the first day of the calendar quarter following the act's enactment date.
Legislative Description
To Exempt Certain Donated Items From Sales And Use Taxes.
Last Action
Died in House Committee at Sine Die Adjournment
5/1/2017
Committee Referrals
Revenue and Taxation3/2/2017
Full Bill Text
No bill text available