26-52-318. Heavy equipment — Definition.

Arkansas Code — all titles (historical 2020) · legal_authorities

26-52-318. Heavy equipment — Definition.

26-52-318. Heavy equipment — Definition. (a) As used in this section, “heavy equipment” means: (1) Asphalt pavers; (2) Boring machines; (3) Bulldozers; (4) Cable plows; (5) Compaction equipment; (6) Concrete pavers; (7) Cranes; (8) Crawler tractors and loaders; (9) Demolition equipment; (10) Earth movers; (11) Excavators; (12) Loader backhoes; (13) Motor graders; (14) Portable air compressors; (15) Rock drills; (16) Rough terrain fork lifts; (17) Scrapers; (18) Skid-steer loaders; (19) Trenchers; (20) Wheel loaders; or (21) Any other equipment determined by the Secretary of the Department of Finance and Administration to be heavy equipment. (b) The gross receipts tax levied under this chapter on the sale of new or used heavy equipment shall be collected, reported, and remitted by the heavy equipment dealer. (c) A heavy equipment dealer shall file a quarterly report with the Department of Finance and Administration identifying all sales of heavy equipment that are exempt from the gross receipts tax levied in this chapter, including without limitation the: (1) Name and address of the purchaser; (2) Item purchased; (3) Invoice number; (4) Amount of sales or use tax paid; and (5) Basis for the exemption.

Source: Arkansas Code — historical release 78 (November 6, 2020) · 26-52-318

Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.