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AR HB1431

Bill

Official Source

Status

Failed

10/15/2021

Primary Sponsor

Robin Lundstrum

Click for details

Origin

House of Representatives

93rd General Assembly (2021 Regular)

AI Summary

  • Increases the sales and use tax exemption threshold for used motor vehicles from an unspecified amount to $10,000
  • Maintains the $4,000 exemption threshold for new motor vehicles, trailers, and semitrailers
  • Amends Arkansas Code § 26-52-510(b)(1)(B) regarding direct payment of sales tax by consumer-users on vehicles and trailers
  • Amends Arkansas Code § 26-53-126(b)(2) regarding use tax payment on new or used motor vehicles, trailers, and semitrailers
  • Effective date is the first day of the second calendar month following enactment

Legislative Description

To Increase The Sales And Use Tax Exemption Threshold For The Purchase Of A Used Motor Vehicle.

Last Action

Died in House Committee at Sine Die Adjournment

10/15/2021

Committee Referrals

Revenue and Taxation2/4/2021

Full Bill Text

No bill text available