Browse Arkansas Code titles and sections
26-52-451. Sales of certain aircraft — Definition.
Arkansas Code — all titles (historical 2020) · legal_authorities
26-52-451. Sales of certain aircraft — Definition.
(a) The gross receipts or gross proceeds derived from the sale of an aircraft within the state are exempt from the gross receipts tax levied under this chapter and the compensating use tax levied by the Arkansas Compensating Tax Act of 1949, § 26-53-101 et seq., if the aircraft is sold by a:
(1) Person that is the resident of another state to a purchaser that:
(A) Is a resident of another state; and
(B) Will base the aircraft outside of the State of Arkansas; or
(2) Seller located in this state and the aircraft that is sold:
(A) Has a certified maximum take-off weight of more than nine thousand five hundred pounds (9,500 lbs.); and
(B) Will be based outside of the State of Arkansas, notwithstanding the fact that possession of the aircraft may be taken in this state for the sole purpose of removing the aircraft from the state under its own power.
(3) As used in this subsection, “maximum take-off weight” means the maximum gross weight due to design or operational limitations at which an aircraft is permitted to take off.
(b) The fact that a purchaser takes possession of an aircraft in this state does not prevent the application of the exemption provided in this section if the purchaser takes possession of the aircraft for the sole purpose of:
(1) Removing the aircraft from this state under its own power; or
(2) Locating the aircraft at a maintenance facility in this state for the time period necessary to complete maintenance or modifications to the aircraft if the aircraft is removed from this state upon completion of the maintenance or modifications.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 26-52-451
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.
Issuing source page ↗
Authority boundary: historical statutory source snapshot not current law.
Open the recorded source website ↗
Record provenance
Stable record: arkansas_code:legal_authorities:26-52-451
Source file: gov.ar.code.title.26.odt
Pages: Not recorded – Not recorded
Passage SHA-256: bacbb21a21e0ad512cbc47e540ed88d27ebe00577b4e0265a4b0833bac9ec5bd
Source location: content.xml paragraph 19956
Stored source content
26-52-451. Sales of certain aircraft — Definition.
(a) The gross receipts or gross proceeds derived from the sale of an aircraft within the state are exempt from the gross receipts tax levied under this chapter and the compensating use tax levied by the Arkansas Compensating Tax Act of 1949, § 26-53-101 et seq., if the aircraft is sold by a:
(1) Person that is the resident of another state to a purchaser that:
(A) Is a resident of another state; and
(B) Will base the aircraft outside of the State of Arkansas; or
(2) Seller located in this state and the aircraft that is sold:
(A) Has a certified maximum take-off weight of more than nine thousand five hundred pounds (9,500 lbs.); and
(B) Will be based outside of the State of Arkansas, notwithstanding the fact that possession of the aircraft may be taken in this state for the sole purpose of removing the aircraft from the state under its own power.
(3) As used in this subsection, “maximum take-off weight” means the maximum gross weight due to design or operational limitations at which an aircraft is permitted to take off.
(b) The fact that a purchaser takes possession of an aircraft in this state does not prevent the application of the exemption provided in this section if the purchaser takes possession of the aircraft for the sole purpose of:
(1) Removing the aircraft from this state under its own power; or
(2) Locating the aircraft at a maintenance facility in this state for the time period necessary to complete maintenance or modifications to the aircraft if the aircraft is removed from this state upon completion of the maintenance or modifications.
Cross-references
Connections may be documented source relationships, shared citations or nearby passages. Each explains its basis; a connection alone does not establish applicability to your situation.
Arkansas Code — all titles (historical 2020) · legal_authorities
26-53-101. Title.
The title of this subchapter shall be cited as the “Arkansas Compensating Tax Act of 1949”.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 26-53-101
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. The source passage cites 26-53-101. This identifies an authority to review, not proof of applicability.