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AR SB467
Bill
Status
4/25/2019
Primary Sponsor
Blake Johnson
Click for details
AI Summary
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Adds machinery and equipment used to produce or repair replacement dies, molds, repair parts, or replacement parts to the list of items exempt from sales tax under the existing manufacturing machinery and equipment exemption in Arkansas Code § 26-52-402(c)(2)(B)
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Clarifies that this exemption applies specifically to machinery and equipment used by a manufacturer in their own manufacturing process
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Removes the same machinery and equipment from the exclusions list in Arkansas Code § 26-52-402(c)(2)(C) to prevent conflicting tax treatment
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Effective date is the first day of the calendar quarter following the enactment of the bill
Legislative Description
To Amend The Sales Tax Exemption For Certain Machinery And Equipment; And To Provide A Sales Tax Exemption For Machinery And Equipment Used To Produce Or Repair Dies, Molds, Repair Parts, Or Replacement Parts Used In Manufacturing.
Last Action
Sine Die adjournment
4/25/2019