Bill > SB274

This bill creates a sales and use tax exemption for certain funeral-related items by amending Arkansas tax law. Specifically, the bill provides that the first $1,000 of gross receipts from the sale of caskets, burial vaults, or monuments will be exempt from both the gross receipts tax and the Arkansas Compensating Use Tax. This exemption can be administered as a rebate, which means consumers may be able to claim the tax exemption after making their purchase. The tax exemption will go into effect on the first day of the calendar quarter following the bill's enactment. By offering this exemption, the bill aims to reduce the financial burden on families during the difficult time of arranging a funeral by lowering the cost of essential burial items.

Budget and Finance

https://arkleg.state.ar.us/Bills/Detail?id=sb274&ddBienniumSession=2025%2F2025R