006.05.06 Ark. Code R. 005-GR-65 - EXEMPTIONS FROM TAX - MANUFACTURING EXEMPTIONS - SPECIFIC BUSINESS - AUTOMOBILE PARTS REBUILDERS, TIRE RETREADERS
A. Machinery and equipment purchased and used
by persons rebuilding or remanufacturing used parts for automobiles, trucks,
and other mobile equipment powered by electrical or internal combustion engines
or motors, are exempt from the tax provided that the rebuilt or remanufactured
parts or retreaded tires are not sold directly to the consumer but are sold for
resale. In all events, the machinery and equipment purchased and used by
automobile parts rebuilders and tire retreaders must satisfy the requirements
of GR-55.
B. Machinery and
equipment purchased and used by persons retreading tires for automobiles,
trucks, and other mobile equipment powered by electrical or internal combustion
engines or motors, are exempt from the tax regardless of whether the retreaded
tires are sold for subsequent resale. In all events, the machinery and
equipment purchased and used by tire retreaders must satisfy the requirements
of GR-55.
Notes
Ark. Code Ann. ยง 26-52-402
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