006.05.212-GR-40. EXEMPTIONS FROM TAX - ADMISSION FEE TO RODEOS AND FAIRS - TICKETS FOR ADMISSI...
AR ADC 006.05.212-GR-40Arkansas Administrative Code
Ark. Admin. Code 006.05.212-GR-40
006.05.212-GR-40. EXEMPTIONS FROM TAX - ADMISSION FEE TO RODEOS AND FAIRS - TICKETS FOR ADMISSION TO ATHLETIC EVENTS AND INTERSCHOLASTIC ACTIVITIES - COLLEGES AND UNIVERSITIES:
A. The gross receipts or gross proceeds derived from gate admission fees at state, district, county or township fairs are exempt from the tax. The gross receipts or gross proceeds derived from gate admission fees at any rodeo are exempt from the tax if, and only if, the gross receipts or gross proceeds derived from such fees are used exclusively for the improvement, maintenance and operation of such rodeo and if no part of the net earnings thereof inures to the benefit of any private stockholder or individual.
Credits
AUTHORITY: Ark. Code Ann. ยงยง 26-52-411; 26-52-412
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-40, AR ADC 006.05.212-GR-40
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