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AR SB655
Bill
Status
Failed
5/1/2017
Primary Sponsor
Gary Stubblefield
Click for details
AI Summary
- Amends Arkansas Code § 26-52-510(b)(1)(B) to increase the sales and use tax exemption threshold for used motor vehicles, trailers, and semitrailers from $4,000 to $5,000
- No sales and use tax is due on purchases of used motor vehicles, trailers, or semitrailers with a total consideration less than $5,000
- Effective on the first day of the second calendar month following the effective date of the act
Legislative Description
To Raise The Purchase Price Threshold At Which Sales And Use Tax Becomes Due On The Purchase Of A Used Motor Vehicle, Trailer, Or Semitrailer.
Last Action
Sine Die adjournment
5/1/2017
Committee Referrals
Revenue & Taxation3/6/2017
Full Bill Text
No bill text available