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006.05.212-GR-30.1. EXEMPTIONS FROM TAX - REPAIR OF COMMERCIAL JET AIRCRAFT:

AR ADC 006.05.212-GR-30.1Arkansas Administrative Code

West's Arkansas Administrative Code
Title 006. Department of Finance and Administration
Division 05. Division of Revenues
Rule 212. 2008-3 Gross Receipts Tax Rules
Gross Receipts Tax Rules
Ark. Admin. Code 006.05.212-GR-30.1
006.05.212-GR-30.1. EXEMPTIONS FROM TAX - REPAIR OF COMMERCIAL JET AIRCRAFT:
Currentness
A. The gross receipts or gross proceeds derived from the alteration, addition, cleaning, refinishing, replacement or repair of commercial jet aircraft, commercial jet aircraft components or commercial jet aircraft subcomponents are exempt from sales tax.
B. The gross receipts or gross proceeds derived from the sale of parts or other tangible personal property which is incorporated into or becomes a part of commercial jet aircraft, commercial jet aircraft components or commercial jet aircraft subcomponents are exempt from sales or use tax.
C. “Commercial jet aircraft” means any commercial, military, private, or other turbine or turbojet aircraft having a certified maximum take-off weight of more than 12,500 pounds.

Credits

AUTHORITY: Ark. Code Ann. § 26-52-401(28)
Current with amendments received through February 15, 2024. Some sections may be more current, see credit for details.
Ark. Admin. Code 006.05.212-GR-30.1, AR ADC 006.05.212-GR-30.1
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