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AR SB581
Bill
Status
4/2/2019
Primary Sponsor
Jonathan Dismang
Click for details
AI Summary
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Amends Arkansas Code § 26-52-401 to add a new sales and use tax exemption for gross receipts from tangible personal property sales at concession stands operated by nonprofit youth athletic organizations.
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Exemption applies only when concession stand operators are members or volunteers of the nonprofit youth athletic organization.
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Requires that all proceeds from concession stand sales go directly to the nonprofit youth athletic organization.
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Effective on the first day of the calendar quarter following the act's effective date.
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Approved April 1, 2019.
Legislative Description
To Provide A Sales And Use Tax Exemption For Certain Sales By Nonprofit Youth Athletic Organizations.
Last Action
Notification that SB581 is now Act 634
4/2/2019