006.05.212-GR-15.1. NEW AND USED BOATS:
AR ADC 006.05.212-GR-15.1Arkansas Administrative Code
Ark. Admin. Code 006.05.212-GR-15.1
006.05.212-GR-15.1. NEW AND USED BOATS:
B. The gross receipts tax applies to the sale of all used boats unless (i) the used property exemption of Ark. Code Ann. § 26-52-401(22) applies (See GR-50); or (ii) the isolated sale exemption of Ark. Code Ann. § 26-52-401(17) applies. No deduction for a traded-in boat is allowed from the total consideration for the sale of a used boat when calculating sales tax.
D. Boat sellers are not required to collect the tax on sales of boat trailers. The tax is collected at the revenue office when the owner registers and licenses the boat trailer. If the seller sells a boat and trailer to his customer, he should separately state the sales price of the trailer on the sales invoice. If the seller does not separately state the sales price of the boat and trailer, then he must collect and report tax on the total amount and clearly document on the invoice or bill of sale that the tax has been collected.
Credits
AUTHORITY: Ark. Code Ann. § 26-52-301
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-15.1, AR ADC 006.05.212-GR-15.1
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