Bill > SB200

This bill amends Arkansas tax law to expand the existing exemption from gross receipts tax for textbooks and instructional materials by explicitly including leased materials in addition to purchased materials. Specifically, the bill modifies two sections of Arkansas Code § 26-52-437 to clarify that textbooks, library books, and other instructional materials are tax-exempt when leased by public school districts or public schools that receive state funding, or when leased by the State of Arkansas for distribution to public school districts and schools. The bill maintains existing restrictions that exclude items purchased or leased for extracurricular activities, school administration or maintenance, and construction materials. By adding the term "leased" throughout the existing law, the bill ensures that schools have the same tax exemption whether they purchase or lease educational materials, potentially providing more flexibility for schools in acquiring necessary instructional resources.

Budget and Finance

https://arkleg.state.ar.us/Bills/Detail?id=sb200&ddBienniumSession=2025%2F2025R