Arkansas legislation · 95th General Assembly (2025 Regular)
Arkansas SB49: TO AMEND THE LAW CONCERNING THE COLLECTION OF SALES AND USE TAX ON MOTOR VEHICLES, TRAILERS, SEMITRAILERS, AND MOTORBOATS, AS AFFIRMED BY REFERRED ACT 19 OF 1958; AND TO SUBJECT CERTAIN USED MOTORBOATS TO A SPECIAL RATE OF TAX
Status: Failed, May 5, 2025
What the bill says
An act to be entitled an act to amend the law concerning the sales and use tax applicable to purchases of new or used motor vehicles, trailers, semitrailers, and motorboats; to amend the law concerning the collection of sales and use tax on motor vehicles, trailers, semitrailers, and motorboats, as affirmed by referred act 19 of 1958; to subject certain used motorboats to a special rate of tax; and for other purposes. subtitle to amend the law concerning the collection of sales and use tax on motor vehicles, trailers, semitrailers, and motorboats, as affirmed by referred act 19 of 1958…
From the introduced text:
An Act To Be Entitled AN ACT TO AMEND THE LAW CONCERNING THE SALES AND USE TAX APPLICABLE TO PURCHASES OF NEW OR USED MOTOR VEHICLES, TRAILERS, SEMITRAILERS, AND MOTORBOATS; TO AMEND THE LAW CONCERNING THE COLLECTION OF SALES AND USE TAX ON MOTOR VEHICLES, TRAILERS, SEMITRAILERS, AND MOTORBOATS, AS AFFIRMED BY REFERRED ACT 19 OF 1958; TO SUBJECT CERTAIN USED MOTORBOATS TO A SPECIAL RATE OF TAX; AND FOR OTHER PURPOSES. Subtitle TO AMEND THE LAW CONCERNING THE COLLECTION OF SALES AND USE TAX ON MOTOR VEHICLES, TRAILERS, SEMITRAILERS, AND MOTORBOATS, AS AFFIRMED BY REFERRED ACT 19 OF 1958; AND TO SUBJECT CERTAIN USED MOTORBOATS TO A SPECIAL RATE OF TAX. BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS: SECTION 1. Arkansas Code § 26-52-324 is amended to read as follows: 26-52-324. Special tax rate for certain used motor vehicles, motorboats, trailers, and semitrailers. (a) In lieu of the gross receipts or gross proceeds taxes levied under §§ 26-52-301 and 26-52-302, there is levied an excise tax on the gross receipts or gross proceeds derived from the sale of a used motor vehicle, trailer, or semitrailer that has a sales price of at least four thousand dollars ($4,000) but less than ten thousand dollars ($10,000) the following *CEB013* 02-12-2025 10:39:38 CEB013 As Engrossed: S2/12/25 SB49 …