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AR HB1472
Bill
Status
5/5/2025
Primary Sponsor
Howard Beaty
Click for details
AI Summary
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Exempts parts purchased to repair agricultural equipment and machinery from Arkansas sales and use tax, where such equipment is used exclusively and directly in commercial agricultural production
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Exempts parts purchased to repair timber equipment and machinery from sales and use tax, where such equipment is used exclusively in commercial production, harvesting, or processing of timber
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Exempts both parts and services purchased to repair grain bins from sales and use tax
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Effective date is January 1, 2026
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Amends Arkansas Code Title 26, Chapter 52, Subchapter 4 by adding new section 26-52-457
Legislative Description
To Create A Sales And Use Tax Exemption For Parts Purchased To Repair Agricultural Equipment And Machinery And Timber Equipment And Machinery And Parts And Services Purchased To Repair A Grain Bin.
Last Action
Died in House Committee at Sine Die adjournment.
5/5/2025