(a) Sales of natural gas and electricity to taxpayers qualified under § 26-51-1212(1) or § 26-51-1212(2) for use in connection with the steel mill shall be exempt from the Arkansas gross receipts tax levied by the Arkansas Gross Receipts Act of 1941, § 26-52-101 et seq., and the Arkansas compensating use tax, levied by the Arkansas Compensating Tax Act of 1949, § 26-53-101 et seq., and any other state or local tax administered under those acts.
(b) The benefits of exemptions granted pursuant to this section shall become effective on July 1, 1991.
Section: Previous 26-51-1202 26-51-1203 26-51-1211 26-51-1212 26-51-1213 26-51-1214 26-51-1215 NextLast modified: November 15, 2016