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AR HB1374

Bill

Official Source

Status

Passed

4/20/2021

Primary Sponsor

Andrew Collins

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Origin

House of Representatives

93rd General Assembly (2021 Regular)

AI Summary

  • Amends Arkansas Code § 26-52-430(b) to modify when sales by charitable organizations are exempt from sales and use tax
  • Clarifies three criteria for determining when a charitable organization's sale does not compete with a for-profit business: transaction conducted by organization member (not franchisee/licensee), all proceeds go to the charity, and the sale is not continuing
  • Increases the frequency threshold for non-competing charitable sales from three (3) times per year to ten (10) times per year
  • Approved April 20, 2021

Legislative Description

To Amend The Law Concerning Which Sales By Charitable Organizations Are Exempt From Sales And Use Tax; And To Amend The Criteria To Determine When A Sale By A Charitable Organization Competes With A Sale By A For-profit Business.

Last Action

Notification that HB1374 is now Act 807

4/20/2021

Committee Referrals

Revenue & Taxation2/24/2021
Revenue and Taxation2/2/2021

Full Bill Text

No bill text available