006.09.1 R3-19-4-903. Taxable Use of State Vehicle
AR ADC 006.09.1 R3-19-4-903Arkansas Administrative Code
Ark. Admin. Code 006.09.1 R3-19-4-903
006.09.1 R3-19-4-903. Taxable Use of State Vehicle
Personal use of a State vehicle is considered a taxable benefit. Refer to IRS Publication 15b for conditions and methods. The responsible administrative head shall ensure that the Payroll Unit of each agency, department and institution performs proper reporting for taxable use of State-owned vehicles.
State employees and officials who drive State-owned motor vehicles for personal use, whether limited to commuting from and to their residence, are subject to receiving an amount on their wage statement W2 form for the value of the uses of the vehicle. Various conditions and factors determine the method and amount of such value. Internal Revenue Service (IRS) Publication 15b http://www.irs.gov/pub/irs-pdf/p15b.pdf sets out the valuation rules. When computing the value of the personal use of a State vehicle to determine the benefit amount to be reported on the annual Statement of Wages, any reimbursements made under the provisions of ACA 19-4-903 (b) (2) (A) may be subtracted from the total taxable benefit for vehicle usage.
See IRS Publication 15-B “Employer's Tax Guide to Fringe Benefits” for information related to the taxable use of State-owned vehicles by State employees. http://www.irs.gov/pub/irs-pdf/p15b.pdf
Current with amendments received through February 15, 2024. Some sections may be more current, see credit for details.
Ark. Admin. Code 006.09.1 R3-19-4-903, AR ADC 006.09.1 R3-19-4-903
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