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AR HB1925

Bill

Official Source

Status

Failed

4/24/2019

Primary Sponsor

Karilyn Brown

Click for details

Origin

House of Representatives

92nd General Assembly (2019 Regular)

AI Summary

  • Adds all-terrain vehicles to the list of items subject to maximum tax limitations under Arkansas sales and use tax code sections for county capital improvements, county taxes, municipal taxes, and economic development project funding
  • Applies the cap across multiple tax categories including county sales and use taxes for capital improvements (§ 26-74-220), county sales taxes for capital improvements (§ 26-74-320), county taxes for counties without existing taxes (§ 26-74-412), county taxes for community college capital improvements (§ 26-74-612), municipal sales and use taxes for capital improvements (§ 26-75-222), municipal sales taxes for capital improvements (§ 26-75-319), and economic development project funding taxes (§ 26-82-115)
  • Effective on the first day of the calendar quarter following the act's effective date
  • Sponsored by Representative Brown and Senator D. Wallace

Legislative Description

To Provide For A Cap On The Local Sales And Use Taxes Levied And Collected On Sales Of All-terrain Vehicles.

Last Action

Died on House Calendar at Sine Die Adjournment

4/24/2019

Committee Referrals

Revenue and Taxation3/26/2019

Full Bill Text

No bill text available