006.05.212-GR-13.1. CREDIT FOR VEHICLE DESTROYED BY CATASTROPHIC EVENT:
AR ADC 006.05.212-GR-13.1Arkansas Administrative Code
Ark. Admin. Code 006.05.212-GR-13.1
006.05.212-GR-13.1. CREDIT FOR VEHICLE DESTROYED BY CATASTROPHIC EVENT:
C. If the vehicle owner traded in a vehicle on the purchase of the vehicle that is subsequently damaged or destroyed, the vehicle owner is also entitled to an additional credit for the traded in vehicle equal to the value of the traded in vehicle and shall be treated as a trade in for purposes of computing tax due on another vehicle.
Credits
AUTHORITY: Ark. Code Ann. § 26-52-519
Current with amendments received through May 15, 2024. Some sections may be more current, see credit for details.
Ark. Admin. Code 006.05.212-GR-13.1, AR ADC 006.05.212-GR-13.1
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