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006.05.202-8. Refund on Sales/Use Taxes

AR ADC 006.05.202-8Arkansas Administrative Code

West's Arkansas Administrative Code
Title 006. Department of Finance and Administration
Division 05. Division of Revenues
Rule 202. 1989-1 Gross Receipts and Use Tax/Enterprise Zones
Ark. Admin. Code 006.05.202-8
006.05.202-8. Refund on Sales/Use Taxes
Currentness
The tax refund for State sales and use taxes outlined in section 1 will be effected through the issuance of tax refunds by the Department of Finance and Administration, Revenue Division. The Department of Finance and Administration must receive certification from AIDC that an enterprise zone business qualifies under this regulation before a refund will be authorized. Refunds will only apply to materials, machinery and equipment on which Arkansas sales or use tax has been paid. Refunds will be secured by the filing of affidavits for each calendar quarter with the Department of Finance and Administration, Revenue Division, including:
(a) A listing or purchases made during the quarter of movable property that is intended to be used on the enterprise zone project and the contract number of the project. The listing must include a brief description of the item, the invoice number, the vendor's name, date of the sale, sales price, and the amount of State sales or use tax paid. The items included in the listing must have been purchased by the owner of the project or by the builder or other party who has contracted with the owner or the builder to provide materials and services for the project;
(b) A certification that the materials included in the listing are reasonably expected to qualify upon completion of the project for the refund under provision of the statute; and
(c) A certification that the sales or use taxes have actually been paid on the items included in the listing. The affidavit shall be filed on appropriate state forms provided by the Department of Finance and Administration, Revenue Division. After the Department of Finance and Administration, Revenue Division, has verified the information, a refund check will be issued for the amount of State sales or use taxes paid. Local sales and use tax refunds will be handled in the manner prescribed by the local taxing authority, and refund applications shall be made to the local taxing authority.
Current with amendments received through February 15, 2024. Some sections may be more current, see credit for details.
Ark. Admin. Code 006.05.202-8, AR ADC 006.05.202-8
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