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AR HB1089

Bill

Official Source

Status

Failed

5/1/2023

Primary Sponsor

Charlene Fite

Click for details

Origin

House of Representatives

94th General Assembly (2023 Regular)

AI Summary

  • Exempts Morgan Nick Foundation, Inc. of Alma from the Arkansas gross receipts tax under Arkansas Code sections 26-52-301, 26-52-302, and 26-63-402
  • Exempts the foundation from the Arkansas compensating use tax under sections 26-53-106 and 26-53-107
  • Exempts the foundation from all city and county sales and use taxes
  • Amends Arkansas Code Title 26, Chapter 52, Subchapter 4 by adding section 26-52-455
  • Becomes effective on the first day of the second calendar month following the bill's enactment

Legislative Description

To Exempt Morgan Nick Foundation From Sales And Use Tax.

Last Action

Died in House Committee at Sine Die Adjournment

5/1/2023

Committee Referrals

Revenue and Taxation1/9/2023

Full Bill Text

No bill text available