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AR HB1632

Bill

Official Source

Status

Introduced

3/3/2021

Primary Sponsor

Joshua Bryant

Click for details

Origin

House of Representatives

93rd General Assembly (2021 Regular)

AI Summary

  • Repeals Arkansas Code § 26-63-302(a)(2), which exempted motor vehicle sales from state gross receipts tax, compensating use tax, and municipal or county sales taxes when sold to rental car businesses for short-term rentals of less than 30 days

  • Eliminates the sales and use tax exemption for motor vehicles used exclusively for rental periods of less than 30 days

  • Effective on the first day of the second calendar month following the enactment of the bill

Legislative Description

To Repeal The Sales And Use Tax Exemption For The Sale Of A Motor Vehicle To A Person Engaged In The Business Of Renting Motor Vehicles.

Last Action

WITHDRAWN BY AUTHOR

4/26/2021

Committee Referrals

Revenue and Taxation3/4/2021

Full Bill Text

No bill text available