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AR HB2126

Bill

Official Source

Status

Passed

3/28/2017

Primary Sponsor

George McGill

Click for details

Origin

House of Representatives

91st General Assembly (2017 Regular)

AI Summary

  • Amends Arkansas Code § 26-52-445 to include leasing and renting of beer kegs alongside the sale of beer kegs for tax exemption purposes
  • Gross receipts or gross proceeds derived from the sale, lease, or rental of kegs used by wholesale manufacturers of beer are exempt from the gross receipts tax
  • Exemption also applies to the compensating use tax levied under the Arkansas Compensating Tax Act of 1949
  • Approved March 27, 2017

Legislative Description

To Treat The Lease Or Rental Of Beer Kegs Equally With The Sale Of Beer Kegs Under The Gross Receipts Tax Law.

Last Action

Notification that HB2126 is now Act 672

3/28/2017

Committee Referrals

Revenue & Taxation3/16/2017

Full Bill Text

No bill text available