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AR SB82
Bill
Status
5/5/2025
Primary Sponsor
John Payton
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AI Summary
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Used motor vehicles priced under $10,000 would be fully exempt from sales and use tax, increased from the current $4,000 exemption threshold
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Used motor vehicles priced between $10,000 and $15,000 would qualify for a reduced tax rate of 2.875%, rather than the full gross receipts tax rate
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Used motor vehicles priced at $15,000 or more would be subject to the full sales and use tax rate
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Used trailers and semitrailers retain the existing tax structure: exempt under $4,000, reduced 2.875% rate between $4,000 and $10,000, and full rate at $10,000 or more
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Effective date is the first day of the calendar quarter following enactment
Legislative Description
To Increase The Sales And Use Tax Exemption For Used Motor Vehicles; And To Amend The Reduced Sales And Use Tax Rate Applicable To Purchases Of Used Motor Vehicles.
Last Action
Died in Senate Committee at Sine Die adjournment.
5/5/2025