Arkansas Code Title 26, Subtitle 5, Chapter 53, Subchapter 1 - Arkansas Compensating Tax Act of 1949
- § 26-53-101 - Title.
The title of this subchapter shall be cited as the "Arkansas Compensating Tax Act of 1949".
- § 26-53-102 - Definitions.
As used in this subchapter: (1) "Alcoholic beverage" means a beverage that is suitable for human consumption and contains five-tenths of one percent (0.5%)...
- § 26-53-103 - Administration of Subchapter.
(a) The administration of this subchapter is vested in and shall be exercised by the Director of the Department of Finance and Administration.(b) The...
- § 26-53-104 - Rules and Regulations -- Forms.
(a) The Director of the Department of Finance and Administration shall promulgate rules and regulations and prescribe forms for the proper enforcement of this...
- § 26-53-105 - Sales and Use Tax Section.
The Director of the Department of Finance and Administration shall create within the Revenue Division of the Department of Finance and Administration the Sales...
- § 26-53-106 - Imposition and Rate of Tax Generally -- Presumptions.
(a) There is levied and there shall be collected from every person in this state a tax or excise for the privilege of storing,...
- § 26-53-107 - Additional Taxes Levied.
(a) (1) In addition to the excise tax levied upon the privilege of storing, using, distributing, or consuming tangible personal property and taxable services...
- § 26-53-108 - Imposition and Rate of Tax on Certain Personal Property.
(a) For the following public carriers, a state compensating tax of three percent (3%) of the gross purchase price is levied on the tangible...
- § 26-53-109 - Tax on Use, Storage, or Distribution of Computer Software.
The excise tax levied by this subchapter and by any act supplemental to this subchapter is levied on the privilege of storing, using, distributing,...
- § 26-53-110 - Financial Institutions.
Sales of tangible personal property and services to financial institutions shall be subject to the state compensating tax levied in this subchapter, the same...
- § 26-53-111 - Deduction for Bad Debts.
A bad debt deduction from a taxable sale under this subchapter is allowed and shall be taken in the same manner as provided in...
- § 26-53-112 - Exemptions Generally.
There are specifically exempted from the taxes levied in this subchapter: (1) Property or services, the storage, use, distribution, or consumption of which this...
- § 26-53-113 - Exemption for Unprocessed Crude Oil.
Unprocessed crude oil is specifically exempted from the taxes levied in this subchapter.
- § 26-53-114 - Exemption for Certain Machinery and Equipment.
(a) There is specifically exempted from the taxes levied in this subchapter: (1) (A) Only to the extent that the machinery and equipment is...
- § 26-53-115 - Exemption for Certain Aircraft and Railroad Cars, Parts, and Equipment.
(a) The tax levied in this subchapter shall not apply to aircraft, aircraft equipment, and railroad parts, cars, and equipment, or to tangible personal...
- § 26-53-116 - Exemption for Sale and Purchase of Certain Vessels.
The gross receipts and gross proceeds derived from the sale and purchase of vessels, barges, and towboats of at least a fifty-ton load displacement...
- § 26-53-117 - Exemption for Motor Fuels Used in Municipal Buses -- Penalties for Abuse of Exemption.
(a) The gross receipts or gross proceeds derived from the sale of motor fuel to the owner or operator of a motor bus operated...
- § 26-53-118 - Exemption for Modular Homes.
The storage, use, or consumption of a modular home constructed from materials on which the Arkansas gross receipts tax or state compensating tax has...
- § 26-53-119 - Exemption for Sale of Products for Treating Livestock and Poultry and Other Commercial Agricultural Production.
The gross receipts or gross proceeds derived from sales of the following are exempt from the state compensating tax as levied by this subchapter:...
- § 26-53-120 - Feedstuffs Used for Livestock.
(a) All feedstuffs used in the commercial production of livestock or poultry in this state are exempt from the state compensating tax as levied...
- § 26-53-121 - Registration of Vendors -- Out-Of-state Vendors.
Every vendor selling tangible personal property or taxable services for storage, use, distribution, or consumption in this state shall: (1) Register with the Director...
- § 26-53-122 - Agents Furnished Statements of Compliance.
Every vendor selling tangible personal property or taxable services for storage, use, distribution, or consumption in this state shall furnish all agents with a...
- § 26-53-123 - Liability for Tax.
(a) Every person storing, using, distributing, or consuming in this state tangible personal property or taxable services purchased from a vendor shall be liable...
- § 26-53-124 - Collection of Tax by Vendor.
(a) (1) (A) Every vendor making a sale of tangible personal property or taxable services directly or indirectly for the purpose of storage, use,...
- § 26-53-125 - Return and Payment of Tax.
(a) (1) (A) The tax imposed by this subchapter shall be due and payable to the Director of the Department of Finance and Administration...
- § 26-53-126 - Tax on New and Used Motor Vehicles, Trailers, or Semitrailers -- Payment and Collection.
(a) (1) Upon being registered in this state, a new or used motor vehicle, trailer, or semitrailer required to be licensed in this state...
- § 26-53-127 - Refunds to Governmental Agencies.
A governmental agency may apply to the Director of the Department of Finance and Administration for refund of the amount of the tax levied...
- § 26-53-128 - Tax -- a Lien Upon Property.
The tax or excise levied by this subchapter shall constitute a lien upon the property of the purchaser of tangible personal property coming within...
- § 26-53-129 - Suits for Violations of Subchapter -- Agent for Service.
(a) In all suits brought in any of the courts of this state by the Director of the Department of Finance and Administration against...
- § 26-53-130 - [Repealed.]
- § 26-53-131 - Credit for Tax Paid in Another State.
(a) (1) (A) (i) The provisions of this subchapter shall not apply to any tangible personal property or taxable services used, consumed, distributed, or...
- § 26-53-132 - Refund for Construction of Child Care Facility.
(a) A business which operates, or contracts for the operation of, a child care facility for the primary purpose of providing child care services...
- § 26-53-133 - Exemption for Manufacturing Forms.
Forms constructed of plaster, cardboard, fiberglass, natural fibers, synthetic fibers, or composites thereof which determine the physical characteristics of an item of tangible personal...
- § 26-53-134 - Exemption for Natural Gas Used in Manufacture of Glass.
The gross receipts or gross proceeds derived from sales of natural gas used as fuel in the process of manufacturing glass is hereafter exempt...
- § 26-53-135 - Exemption for Sales to Community Service Clearinghouse, Inc., of Fort Smith.
The gross receipts or gross proceeds derived from sales to the Community Service Clearinghouse, Inc., of Fort Smith are hereafter exempt from: (1) The...
- § 26-53-136 - Exemption for Nonprofit Food Distribution Agencies.
The gross receipts or gross proceeds derived from the sale of food and food ingredients to nonprofit agencies organized under the Arkansas Nonprofit Corporation...
- § 26-53-137 - Exemption for Railroad Rolling Stock Manufactured for Use in Interstate Commerce.
Railroad rolling stock manufactured for use in transporting persons or property in interstate commerce is exempt from the taxes levied in this subchapter.
- § 26-53-138 - Exemption for Property Purchased for Use in Performance of Construction Contract.
(a) A contractor that purchases tangible personal property which becomes a recognizable part of a completed structure or improvement to real property and which...
- § 26-53-139 - Exemption for Railroad Parts, Cars, and Equipment.
There is specifically exempted from any tax imposed by this subchapter including, but not limited to, §§ 26-53-106 -- 26-53-108, parts and other tangible...
- § 26-53-140 - Tax Levied on Sales of Prepaid Telephone Calling Cards.
Purchases of prepaid telephone calling cards or prepaid authorization numbers and the recharge of prepaid telephone calling cards or prepaid authorization numbers as set...
- § 26-53-141 - Durable Medical Equipment, Mobility Enhancing Equipment, Prosthetic Devices, and Disposable Medical Supplies.
(a) (1) Gross receipts or gross proceeds derived from the rental, sale, or repair of durable medical equipment prescribed by a physician, mobility enhancing...
- § 26-53-142 - Fire Protection Equipment and Emergency Equipment.
(a) The gross receipts or gross proceeds derived from a purchase of or repair to fire protection equipment and emergency equipment to be owned...
- § 26-53-143 - Wall and Floor Tile Manufacturers.
(a) The gross receipts or gross proceeds derived from sales of electricity and natural gas used in the process of manufacturing wall and floor...
- § 26-53-144 - Certain Classes of Trucks or Trailers.
(a) As used in this section: (1) "Person" means a natural person who resided in this state at the time of purchasing a truck...
- § 26-53-145 - Food and Food Ingredients.
(a) (1) The Director of the Department of Finance and Administration shall determine the following conditions: (A) That federal law authorizes the state to...
- § 26-53-146 - Exemption for Qualified Museums.
(a) As used in this section: (1) "Exemption certificate" means an exemption certificate issued by the Director of the Department of Finance and Administration...
- § 26-53-147 - Heavy Equipment.
(a) Every person purchasing heavy equipment as defined in § 26-52-318 for storage or use within this state from a dealer located outside of...
- § 26-53-148 - Natural Gas and Electricity Used by Manufacturers.
(a) (1) (A) Beginning July 1, 2014, in lieu of the tax levied in §§ 26-53-106 and 26-53-107, there is levied an excise tax...
- § 26-53-149 - Partial Replacement and Repair of Certain Machinery and Equipment.
(a) The taxes levied under §§ 26-53-106 and 26-53-107 on the privilege of storing, using, distributing, or consuming the following within this state are...
Last modified: November 15, 2016