Arkansas legislation · 95th General Assembly (2025 Regular)
Arkansas SB82: 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
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, and semitrailers; to increase the sales and use tax exemption for used motor vehicles; to amend the reduced sales and use tax rate applicable to purchases of used motor vehicles; and for other purposes. subtitle 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.
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, AND SEMITRAILERS; TO INCREASE THE SALES AND USE TAX EXEMPTION FOR USED MOTOR VEHICLES; TO AMEND THE REDUCED SALES AND USE TAX RATE APPLICABLE TO PURCHASES OF USED MOTOR VEHICLES; AND FOR OTHER PURPOSES. Subtitle 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. BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS: SECTION 1. DO NOT CODIFY. Legislative findings. The General Assembly finds that: (1) Because Arkansas is a rural state, having reliable personal transportation is essential for Arkansans to maintain employment, access medical care, and obtain groceries and other daily necessities; (2) Many working Arkansans have limited income and need affordable personal transportation, which is impeded by the added expense of sales and use tax on motor vehicles; (3) The majority of motor vehicles that are sold for fifteen *JLL104* 04-01-2025 10:29:36 JLL104 As Engrossed: S4/1/25 SB82 thousand dollars ($15,000) or less are used motor vehicles, which means that sales or use tax has been collected previously on those motor vehicles at least one (1) time and often …