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Bill > SB535


AR SB535

AR SB535
To Create A Sales And Use Tax Exemption For The Arkansas Museum Of Fine Arts And The Arkansas Museum Of Fine Arts Foundation.


summary

Introduced
03/20/2025
In Committee
04/10/2025
Crossed Over
04/08/2025
Passed
04/15/2025
Dead
Signed/Enacted/Adopted
04/18/2025

Introduced Session

95th General Assembly (2025 Regular)

Bill Summary

AN ACT TO CREATE A SALES AND USE TAX EXEMPTION FOR THE ARKANSAS MUSEUM OF FINE ARTS AND THE ARKANSAS MUSEUM OF FINE ARTS FOUNDATION; AND FOR OTHER PURPOSES.

AI Summary

This bill creates a sales and use tax exemption for the Arkansas Museum of Fine Arts and the Arkansas Museum of Fine Arts Foundation. Specifically, the legislation amends existing Arkansas tax code to add a new provision that eliminates sales tax on gross receipts from the sale of tangible personal property, digital products, digital codes, or services to these two organizations. The tax exemption will go into effect on the first day of the calendar quarter following the bill's approval. By providing this tax exemption, the bill aims to support the Arkansas Museum of Fine Arts and its foundation by reducing their financial burden and potentially allowing them to allocate more resources to their cultural and educational missions.

Committee Categories

Budget and Finance

Sponsors (73)

Brian Evans (R)* Bart Hester (R)* Fred Allen (D),  Glenn Barnes (D),  Lincoln Barnett (D),  Howard Beaty (R),  Mary Bentley (R),  Stan Berry (R),  Justin Boyd (R),  Harlan Breaux (R),  Karilyn Brown (R),  Matt Brown (R),  Josh Bryant (R),  Paul Childress (R),  Nicole Clowney (D),  Andrew Collins (D),  Bruce Cozart (R),  Steve Crowell (R),  Carol Dalby (R),  Breanne Davis (R),  Jonathan Dismang (R),  Matt Duffield (R),  Les Eaves (R),  Jane English (R),  Denise Ennett (D),  Ken Ferguson (D),  Scott Flippo (R),  Stephanie Flowers (D),  Tony Furman (R),  Jimmy Gazaway (R),  Diana Gonzales Worthen (D),  Zack Gramlich (R),  Kim Hammer (R),  R.J. Hawk (R),  Dolly Henley (R),  Mike Holcomb (R),  Steve Hollowell (R),  Ashley Hudson (D),  Missy Irvin (R),  Blake Johnson (R),  Lee Johnson (R),  Mark Johnson (R),  Greg Leding (D),  Fred Love (D),  Robin Lundstrum (R),  John Maddox (R),  Steve Magie (D),  Austin McCollum (R),  Tippi McCullough (D),  Mark McElroy (R),  Jessie McGruder (D),  Brit McKenzie (R),  Jeremiah Moore (R),  Kendra Moore (R),  Stetson Painter (R),  Shad Pearce (R),  Jim Petty (R),  Chad Puryear (R),  Johnny Rye (R),  Jamie Scott (D),  Tara Shephard (D),  Matthew Shepherd (R),  Joy Springer (D),  Tracy Steele (D),  Dwight Tosh (R),  Clarke Tucker (D),  Steve Unger (R),  DeAnn Vaught (R),  Dave Wallace (R),  Les Warren (R),  Carlton Wing (R),  Jeremy Wooldridge (R),  Jim Wooten (R), 

Last Action

Notification that SB535 is now Act 781 (on 04/18/2025)

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