AR SB582

Adds machinery and equipment purchased to modify, replace, or repair molds and dies used in manufacturing to the list of items eligible for sales tax refunds under Arkansas Code § 26-52-447(a)

Adds the same molds and dies machinery and equipment to the list of items eligible for use tax refunds under Arkansas Code § 26-53-149(a)

Applies the refunds only to molds and dies used directly in producing, manufacturing, fabricating, assembling, processing, finishing, or packaging articles of commerce at a manufacturing or processing plant or facility in Arkansas

Takes effect on the first day of the calendar quarter following the act's effective date

Approved April 8, 2019