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AR SB200

Bill

Official Source

Status

Passed

3/18/2025

Primary Sponsor

Kim Hammer

Click for details

Origin

Senate

95th General Assembly (2025 Regular)

AI Summary

  • Extends the existing gross receipts tax exemption for textbooks, library books, and instructional materials to include leased items, not just purchased items
  • Applies to materials leased by Arkansas public school districts, public schools receiving state funding, or the State of Arkansas for free distribution to public schools
  • Clarifies that items used for interscholastic extracurricular activities, school administration/maintenance, or construction materials remain excluded from the exemption whether purchased or leased
  • Amends Arkansas Code § 26-52-437
  • Approved March 18, 2025

Legislative Description

To Include Textbooks And Other Instructional Materials That Are Leased In The Exemption From The Gross Receipts Tax.

Last Action

Notification that SB200 is now Act 329

3/18/2025

Committee Referrals

Revenue and Taxation2/27/2025
Revenue & Taxation2/5/2025

Full Bill Text

No bill text available