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AR SB274
Bill
Status
Failed
5/5/2025
Primary Sponsor
David Wallace
Click for details
AI Summary
- Exempts the first $1,000 of the purchase price of caskets, burial vaults, and monuments from Arkansas sales and use tax
- Applies to both gross receipts tax and compensating use tax under the Arkansas Compensating Tax Act of 1949
- Exemption may be administered as a rebate rather than a point-of-sale reduction
- Effective on the first day of the calendar quarter following the act's effective date
- Sponsored by Senator D. Wallace and Representative Joey Carr
Legislative Description
To Create A Sales And Use Tax Exemption For Certain Items Related To Human Burial; And To Exempt A Portion Of The Purchase Price Of A Casket, Burial Vault, Or Monument From Sales And Use Tax.
Last Action
Died in Senate Committee at Sine Die adjournment.
5/5/2025
Committee Referrals
Revenue & Taxation2/24/2025
Full Bill Text
No bill text available