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AR SB252
Bill
Status
Passed
3/24/2023
Primary Sponsor
Steve Crowell
Click for details
AI Summary
- Amends Arkansas Code § 26-53-114(b) to align use-tax exemption definitions of "manufacturing" and "processing" with sales-tax exemption definitions for tire retreading machinery and equipment
- Adds tire retreading as a separate category (item 12) under the definition of manufacturing and processing operations
- Removes the resale requirement from tire retreading operations, allowing the exemption to apply whether retreaded tires are sold for resale or directly to consumers
- Retains the resale requirement for rebuilding and remanufacturing of used parts (item 11)
- Effective on the first day of the second calendar month following the act's enactment date; approved March 21, 2023
Legislative Description
To Amend The Definitions Of “manufacturing” And “processing” For Purposes Of The Use-tax Exemption For Machinery And Equipment Used To Retread Tires To Match Their Definitions For Purposes Of The Sales-tax Exemption.
Last Action
Notification that SB252 is now Act 351
3/24/2023
Committee Referrals
Revenue and Taxation3/9/2023
Revenue & Taxation2/13/2023
Full Bill Text
No bill text available