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Current as of March 28, 2024 | Updated by FindLaw Staff
(a)(1) Any county general sales or use tax levied pursuant to this subchapter shall be levied and collected only on the first two thousand five hundred dollars ($2,500) of gross receipts, gross proceeds, or sales price on the sale of a:
(A) Motor vehicle;
(B) Aircraft;
(C) Watercraft;
(D) Modular home;
(E) Manufactured home; or
(F) Mobile home.
(2) A vendor shall be responsible for collecting and remitting the tax only on the first two thousand five hundred dollars ($2,500) of gross receipts, gross proceeds, or sales price on the sale of a:
(A) Motor vehicle;
(B) Aircraft;
(C) Watercraft;
(D) Modular home;
(E) Manufactured home; or
(F) Mobile home.
(b) A vendor collecting, reporting, and remitting the tax shall show the tax as a separate entry on the tax report form filed with the Secretary of the Department of Finance and Administration.
Cite this article: FindLaw.com - Arkansas Code Title 26. Taxation § 26-74-612. Maximum tax limitation - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-26-taxation/ar-code-sect-26-74-612/
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 or via Westlaw before relying on it for your legal needs.
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