AR SB336

Adds Arkansas Code 26-52-453 to create a sales and use tax exemption for coins, currency, and bullion

Defines "bullion" as bars, ingots, or coins made of gold, silver, platinum, or palladium that were used as a medium of exchange by any state, the U.S. Government, or foreign nation, and are sold based on intrinsic precious metal value rather than face value

Defines "coin or currency" as coins or currency made of gold, silver, other metals, or paper that were used solely as a medium of exchange by any state, the U.S. Government, or foreign nation, and are sold based on intrinsic value rather than face value, excluding coins incorporated into jewelry

Exempts gross receipts from the sale of qualifying coins, currency, and bullion from Arkansas's gross receipts tax and compensating use tax under the Arkansas Compensating Tax Act of 1949

Effective date is the first day of the calendar quarter following the act's effective date; approved May 3, 2021