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AR HB1342

Bill

Official Source

Status

Failed

4/24/2019

Primary Sponsor

John Payton

Click for details

Origin

House of Representatives

92nd General Assembly (2019 Regular)

AI Summary

  • Amends Arkansas Code § 26-52-510(b)(1)(B) to increase the sales tax exemption threshold for used motor vehicles from $4,000 to $7,500
  • Amends Arkansas Code § 26-53-126(b)(2) to increase the use tax exemption threshold for used motor vehicles from $4,000 to $7,500
  • Maintains the $4,000 exemption threshold for new motor vehicles, trailers, and semitrailers
  • Becomes effective on the first day of the second calendar month following the act's enactment date

Legislative Description

To Increase The Amount Below Which Sales And Use Tax Is Not Due On The Purchase Of A Used Motor Vehicle; And To Eliminate The Sales And Use Tax Exemption For Certain Motor Vehicles, Trailers, And Semitrailers.

Last Action

Sine Die adjournment

4/24/2019

Committee Referrals

Revenue & Taxation3/20/2019
Revenue and Taxation1/31/2019

Full Bill Text

No bill text available