The gross receipts or gross proceeds derived from the sale of textbooks, library books, and other instructional materials are exempt from tax if purchased by: 1. An Arkansas school district or Arkansas public school that receives state funding; or 2.
Are public schools exempt from sales tax in Arkansas?
The gross receipts or gross proceeds derived from the sale of motor vehicles to municipalities, public school districts, and state supported colleges and universities within Arkansas are exempt from the tax, whether the vehicles are required to be licensed for highway use or not.
Who is exempt from sales tax in Arkansas?
Some goods are exempt from sales tax under Arkansas law. Examples include prescription drugs, purchases made with food stamps, and some farming equipment.
What is tax free in Arkansas?
Arkansas Sales Tax Holiday
According to the Arkansas Department of Finance and Administration, shoppers will be able to buy certain electronic devices, school supplies, instructional materials, and clothing free of state and local sales tax.
Are 501c3 exempt from sales tax in Arkansas?
The rule is that nonprofit organizations are not exempt from sales taxes on purchases made in Arkansas. Also, nonprofit organizations must collect sales tax on sales of tangible personal property. This is done by filing the Combined Business Tax Registration Form.
Who has to pay sales tax in Arkansas?
Sales and Use Tax
The Arkansas sales tax is 6.5% of the gross receipts from the sales of tangible personal property and certain selected services. “Sale” includes the lease or rental of tangible personal property.
How do I get a tax exemption certificate in Arkansas?
Contact 501-682-7104 to request ET-1 forms and the forms will be mailed to your business in two to three weeks. For faster service, file your Sales and Use Tax Returns online at https://atap.arkansas.gov/.
How many cows do you need to be tax exempt in Arkansas?
3. Gross receipts derived from the sale of dairy products by a dairy product producer are exempt from the tax. A. Dairy product producer must own less than six (6) dairy cows.
What is subject to sales tax in Arkansas?
Arkansas imposes sales tax on all purchases of tangible personal property unless a specific exemption applies. Services are taxable only if the service is specifically enumerated by law as a taxable service. Use tax was designed to assure fair competition between Arkansas businesses and their out-of- state competitors.
How do I avoid paying sales tax on a used car in Arkansas?
You can avoid paying sales tax on vehicle transactions in Arkansas if you purchase a used car for less than $4,000.
Does Arkansas have a tax-free weekend?
Act 757 of 2011 provides for a sales tax holiday in Arkansas during the first weekend of August each year. A sales tax holiday is a temporary period when state and local sales taxes are not collected or paid on the purchase of certain products.
Are computers tax-free on tax-free weekend in Arkansas?
State sales taxes are not applied to certain purchases, like clothing, computers, and school supplies. You can save up to 8% on purchases by participating in the tax-free weekend. This doesn’t apply to all the items on your back-to-school list.
What all is tax-free this weekend Arkansas?
In Arkansas, beginning at 12:01 a.m. on Saturday, August 6, and ending at 11:59 p.m. on Sunday, August 7, the state of Arkansas will hold its sales tax holiday, allowing shoppers the opportunity to purchase specific electronic devices, school supplies, school art supplies, school instructional materials, and clothing
How many board members are required for a nonprofit in Arkansas?
three
1. Choose who will be on the founding board of directors for your nonprofit corporation. In Arkansas, your nonprofit corporation must have three or more directors.
Are hospitals tax exempt in Arkansas?
It is widely recognized that the public-charity tax exemption in the Arkansas Constitution covers charitable hospitals, provided they meet certain criteria established by Arkansas Supreme Court case law.
Does Arkansas tax Social Security?
For instance, Arkansas exempts Social Security benefits and up to $6,000 of retirement income from its state income tax. And, as a plus for veterans, all military pension income is tax-exempt.
What is Arkansas sales tax in 2022?
6.5%
Current Tax Rate is 6.5% (non-food items).
Is lawn mowing taxable in Arkansas?
Lawncare services are listed as taxable services under Arkansas code, and can be defined as “the maintenance, preservation, or enhancement of ground covering of nonresidential property and does not include planting trees, bushes, and shrubbery, grass, flowers, and other types of decorative plants.” This specifically
Is food taxed in Arkansas?
The information contained in this guide is based on the Arkansas Code and Rules in effect on January 1, 2018. Beginning July 1, 2011, the state sales and use tax rate on food and food ingredients will be reduced to 1.5%.
What qualifies as a farm in Arkansas?
According to the United States Department of Agriculture, “A farm is defined as any place from which $1,000 or more of agricultural products were produced and sold, or normally would have been sold, during the year.”
Does Arkansas sales and tax certificate expire?
How long is my Arkansas sales tax exemption certificate good for? There is no stated expiration date on these forms showing when their use expires. In must be noted that the seller may still be required to utilize Form ST391, which proves their entitlement to the exemption.