“Sale” includes the lease or rental of tangible personal property. The Arkansas legislature recently passed a sales and use-tax exemption for aircraft maintenance, as well as a flyaway exemption for aircraft sales.. We pay sales taxes on our smallest purchases up to our big-ticket items like cars, boats - and yes, aircraft. The 2018 United States Supreme Court decision in …

Sales and Use Tax Forms. In November of 2017, an Arkansas aircraft owner sold an airplane to a purchaser through a third-party broker. The Arkansas legislature recently passed a sales and use-tax exemption for aircraft maintenance, as well as a flyaway exemption for aircraft sales..

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Asa Hutchinson, was sponsored by Rep. Joe Jett, a pilot and the co-chair of the Aviation Caucus in the state’s General Assembly. Contact 501-682-7104 to request ET-1 forms and the forms will be mailed to your business in two to three weeks. In Arkansas, you can establish a sole proprietorship without filing any legal documents with the Arkansas Secretary of State. The land was purchased with grant money that the State of Arkansas reserves from aviation fuel sales tax and aviation-related sales tax. Washington taxpayers pay 8.2%. Code Ann. NBAA Supports Aviation Tax Exemption in Maryland Feb. 5, 2016 NBAA strongly supports a Maryland bill that would exempt aircraft repair and upgrade parts from sales tax, saying that without the repair exemption. The Arkansas sales tax is 6.5% of the gross receipts from the sales of tangible personal property and certain selected services. The classic definition of a sales tax is a tax imposed on the sale of tangible personal property within a state. The Arkansas sales tax rate is currently %. This environment has become more favorable with recent legislation and a favorable Revenue Legal Counsel opinion issued to Dover Dixon Horne on January 25, 2018. The minimum combined 2020 sales tax rate for North Little Rock, Arkansas is . Butch Otter has signed into law HB 361, which makes permanent a sales tax exemption on aircraft parts for out of state aircraft.

Information on aviation tax policies in Arkansas. “Sale” includes the lease or rental of tangible personal property. Effective April 07, 2015 Arkansas Sales Tax is no longer applicable to parts or services on Aircraft Weighing 12,500 lbs or greater. The Arkansas Sales and Use Tax Section does not send blank Arkansas Excise Tax Return (ET-1) forms to taxpayers. Arkansas Aviation Fuel Tax . The bill, which was signed into law by Gov. Arkansas holds that aircraft owner has responsibility for collecting sales tax on sale made through broker. We also help coordinate aviation planning efforts between local, state, and federal governments. Idaho Gov. Taxable services include sales of gas, water, electricity, most solid waste disposal, telephone and prepaid telecommunications and repair services. Point of Taxation: Final Consumer- subject to Arkansas Sales and Use Tax not Motor Fuel Tax Asa Hutchinson, was sponsored by Rep. Joe Jett, a pilot and the co-chair …