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AR HB1796
Bill
Status
5/1/2023
Primary Sponsor
Tippi McCullough
Click for details
AI Summary
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Creates a one-year sales tax holiday on gun safes and gun safety devices from 12:01 a.m. on July 1, 2023, through 11:59 p.m. on June 30, 2024
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Exempts gross receipts from sales of gun safes and gun safety devices from Arkansas gross receipts tax and compensating use tax during the holiday period
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Defines "gun safe" as a locking container equipped with a padlock, key lock, combination lock, or other locking device designed for secure storage of one or more firearms
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Defines "gun safety device" as an integral device equipped or installed on a firearm that permits programming to operate only for specified persons through computerized locking or other integral means
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Requires the Department of Finance and Administration to promulgate rules to implement and administer the tax holiday, with final rules filed by July 1, 2023, or as soon as practicable after Legislative Council approval
Legislative Description
To Create A Sales Tax Holiday For Gun Safes And Gun Safety Devises.
Last Action
Died in House Committee at Sine Die Adjournment
5/1/2023