Bill > HB1820

This bill creates a sales and use tax exemption for parts and repair of agricultural equipment and machinery in Arkansas. Specifically, it defines "agricultural equipment and machinery" to include items like irrigation pipes, aviation machinery, and crop harvesting implements, but excludes timber production equipment, motor vehicles, and hand tools. The bill exempts from state sales and use taxes the gross receipts or proceeds from the sale of parts to modify, replace, or repair agricultural equipment and machinery, as well as services related to the initial installation, alteration, addition, cleaning, refinishing, replacement, or repair of such equipment and machinery. The exemption takes effect at the start of the calendar quarter following the bill's effective date.