Arkansas SB316: TO AMEND THE SALES AND USE TAX LAWS CONCERNING REBATES; AND TO REQUIRE THAT SALES AND USE TAX REBATES BE ADMINISTERED AS REFUNDS

What the bill says

An act to be entitled an act to amend the sales and use tax laws concerning rebates; to require that sales and use tax rebates be administered as refunds; and for other purposes. subtitle to amend the sales and use tax laws concerning rebates; and to require that sales and use tax rebates be administered as refunds.

From the introduced text:

An Act To Be Entitled AN ACT TO AMEND THE SALES AND USE TAX LAWS CONCERNING REBATES; TO REQUIRE THAT SALES AND USE TAX REBATES BE ADMINISTERED AS REFUNDS; AND FOR OTHER PURPOSES. Subtitle TO AMEND THE SALES AND USE TAX LAWS CONCERNING REBATES; AND TO REQUIRE THAT SALES AND USE TAX REBATES BE ADMINISTERED AS REFUNDS. BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS: SECTION 1. Arkansas Code Title 26, Chapter 52, Subchapter 1, is amended to add an additional section to read as follows: 26-52-112. Refunds. Except as otherwise provided by law, a refund provided under this chapter or the Arkansas Compensating Tax Act of 1949, § 26-53-101 et seq. shall be automatically provided to the taxpayer entitled to the refund. SECTION 2. Arkansas Code § 26-52-427 is amended to read as follows: 26-52-427. Property purchased for use in performance of construction contract -- Definition. (a) A contractor that purchases tangible personal property which becomes a recognizable part of a completed structure or improvement to real property and which is purchased for use or consumption in the performance of construction contracts shall be entitled to a rebate on refund of any additional gross receipts tax or compensating use tax levied by the state or *JLL240* 02/26/2025 12:00:48 PM JLL240 SB316 any city or county …

Read the full official text

Sponsors

• Blake Johnson (R, 21) · primary sponsor
• Beaty Jr., Howard (R, 95)

Latest actions

1. May 5, 2025: Died in Senate Committee at Sine Die adjournment.
2. February 26, 2025: Read first time, rules suspended, read second time, referred to REVENUE & TAX - SENATE
3. February 26, 2025: Filed

Common questions

What is SB316?

SB316 is a bill in the Arkansas Legislature (95th General Assembly (2025 Regular)): TO AMEND THE SALES AND USE TAX LAWS CONCERNING REBATES; AND TO REQUIRE THAT SALES AND USE TAX REBATES BE ADMINISTERED AS REFUNDS.

What does SB316 do?

In its own words: An act to be entitled an act to amend the sales and use tax laws concerning rebates; to require that sales and use tax rebates be administered as refunds; and for other purposes. subtitle to amend the sales and use tax laws concerning rebates; and to require that sales and use tax rebates be administered as refunds.

What is the status of SB316?

Failed as of May 5, 2025. Latest action: Died in Senate Committee at Sine Die adjournment. (May 5, 2025).

Who sponsored SB316?

Blake Johnson (R, 21), with 1 co-sponsor.

Where is the official record for SB316?

On the Arkansas Legislature website: https://www.arkleg.state.ar.us/Bills/Detail?ddBienniumSession=2025%2F2025R&measureno=SB316