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Arkansas Code Title 26. Taxation § 26-52-318. Heavy equipment

Current as of March 28, 2024 | Updated by Findlaw Staff

(a) As used in this section, “heavy equipment” means:

(1) Asphalt pavers;

(2) Boring machines;

(3) Bulldozers;

(4) Cable plows;

(5) Compaction equipment;

(6) Concrete pavers;

(7) Cranes;

(8) Crawler tractors and loaders;

(9) Demolition equipment;

(10) Earth movers;

(11) Excavators;

(12) Loader backhoes;

(13) Motor graders;

(14) Portable air compressors;

(15) Rock drills;

(16) Rough terrain fork lifts;

(17) Scrapers;

(18) Skid-steer loaders;

(19) Trenchers;

(20) Wheel loaders; or

(21) Any other equipment determined by the Secretary of the Department of Finance and Administration to be heavy equipment.

(b) The gross receipts tax levied under this chapter on the sale of new or used heavy equipment shall be collected, reported, and remitted by the heavy equipment dealer.

(c) A heavy equipment dealer shall file a quarterly report with the Department of Finance and Administration identifying all sales of heavy equipment that are exempt from the gross receipts tax levied in this chapter, including without limitation the:

(1) Name and address of the purchaser;

(2) Item purchased;

(3) Invoice number;

(4) Amount of sales or use tax paid; and

(5) Basis for the exemption.

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Cite this article: FindLaw.com - Arkansas Code Title 26. Taxation § 26-52-318. Heavy equipment - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-26-taxation/ar-code-sect-26-52-318/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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