(a) No tax shall be levied or collected upon gross receipts derived from the sale of motor vehicles to municipalities and counties or to state-supported colleges and universities or to public school districts in this state.
(b) No tax shall be levied or collected upon the gross receipts derived from the sale of school buses to school districts of Arkansas.
(c) No tax shall be levied or collected upon the gross receipts derived from the sale of school buses if at the time of sale the school bus purchaser has contracted with an Arkansas school district to provide school bus service for the school district, the school buses purchased are used exclusively in providing such service, and the obligation to pay any taxes related to the school buses is contractually assumed by the school district. This exemption shall apply only to school buses which are equipped in accordance with ยง 6-19-117(a)-(d).
Section: Previous 26-52-403 26-52-404 26-52-405 26-52-406 26-52-407 26-52-408 26-52-409 26-52-410 26-52-411 26-52-412 26-52-413 26-52-414 26-52-415 26-52-416 26-52-417 NextLast modified: November 15, 2016