006.05.96 Ark. Code R. § 001 - Regulation GR-51 Amendment to Gross Receipts Regulation

This amendment is necessary in order to implement and.enforce Act 587 of 1995.

Gross Receipts Regulation GR-51(B) (1) (a) is amended to read as follows:

B. The term "farm equipment and machinery" means agricultural implements used exclusively and directly for the agricultural production of food or fiber as a business.

(1) The following agricultural implements are exempt provided they meet the requirements of paragraphs B(3) and B(4) of this regulation:

(a) Combines, cotton pickers, cotton module builders, cotton trailers, cultivators, discs, farm tractors, (other than garden tractors) harrows, irrigation equipment, milking equipment including milking machines, mechanical pickers, planters, plows, rotary hoes, sprayers, spreaders and threshing machines. "Irrigation equipment" means

(i) pipes, hoses, tubing and accessories to the pipes, hoses and tubing which deliver irrigation water from the water source to the crops regardless of whether the equipment becomes affixed to real property,- and,

(ii) pumps, gates, and other equipment other than pipes, hoses and tubing, which is movable and does not become affixed to real property. Irrigation equipment, other than pipes, hoses and tubing, which is designed or intended to be permanently attached or incorporated into real property is not exempt.

Notes

006.05.96 Ark. Code R. § 001

2/12/1996