Arkansas 2025 Regular Session

Arkansas House Bill HB1472 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	Stricken language would be deleted from and underlined language would be added to present law.
2	2	JLL180 02/12/2025 5:38:54 PM JLL180
3	3	State of Arkansas 1
4	4	95th General Assembly A Bill 2
5	5	Regular Session, 2025 HOUSE BILL 1472 3
6	6	4
7	7	By: Representative Beaty Jr. 5
8	8	By: Senator Gilmore 6
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10	10	For An Act To Be Entitled 8
11	11	AN ACT TO CREATE SALES AND USE TAX EXEMPTIONS RELATED 9
12	12	TO AGRICULTURE AND TIMBER; TO CREATE A SALES AND USE 10
13	13	TAX EXEMPTION FOR PARTS PURCHASED TO REPAIR 11
14	14	AGRICULTURAL EQUIPMENT AND MACHINERY AND TIMBER 12
15	15	EQUIPMENT AND MACHINERY; TO CREATE A SALES AND USE 13
16	16	TAX EXEMPTION FOR PARTS AND SERVICES PURCHASED TO 14
17	17	REPAIR A GRAIN BIN; AND FOR OTHER PURPOSES. 15
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20	20	Subtitle 18
21	21	TO CREATE A SALES AND USE TAX EXEMPTION 19
22	22	FOR PARTS PURCHASED TO REPAIR 20
23	23	AGRICULTURAL EQUIPMENT AND MACHINERY AND 21
24	24	TIMBER EQUIPMENT AND MACHINERY AND PARTS 22
25	25	AND SERVICES PURCHASED TO REPAIR A GRAIN 23
26	26	BIN. 24
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28	28	BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS: 26
29	29	27
30	30	SECTION 1. Arkansas Code Title 26, Chapter 52, Subchapter 4, is 28
31	31	amended to add an additional section to read as follows: 29
32	32	26-52-457. Parts to repair agricultural equipment and machinery or 30
33	33	timber equipment and machinery — Parts and services to repair grain bins. 31
34	34	(a) As used in this section: 32
35	35	(1) "Agricultural equipment and machinery" means implements used 33
36	36	exclusively and directly in a commercial agricultural production in this 34
37	37	state; and 35
38	38	(2) "Timber equipment and machinery" means implements used 36 HB1472
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40	40	2 02/12/2025 5:38:54 PM JLL180
41	41	exclusively in the commercial production, harvesting, or processing of timber 1
42	42	in this state. 2
43	43	(b) The gross receipts or gross proceeds derived from the sale of the 3
44	44	following are exempt from the gross receipts tax levied by this chapter and 4
45	45	the compensating use tax levied by the Arkansas Compensating Tax Act of 1949, 5
46	46	§ 26-53-101 et seq.: 6
47	47	(1) Parts purchased to repair, either in whole or in part, 7
48	48	existing agricultural equipment and machinery or timber equipment and 8
49	49	machinery; and 9
50	50	(2) Parts and services purchased to repair, either in whole or 10
51	51	in part, a grain bin. 11
52	52	12
53	53	SECTION 2. EFFECTIVE DATE. Section 1 of this act is effective on and 13
54	54	after January 1, 2026. 14
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