The gross receipts and gross proceeds derived from the sale and purchase of vessels, barges, and towboats of at least fifty (50) tons load displacement, and parts and labor used in the repair and construction of them, are exempt from the Arkansas gross receipts tax levied by this chapter.
Ark. Code Ann. § 26-52-407
Certain vessels
Known as the Arkansas Gross Receipts Act
The act spans §§ 26–26 (143 sections).
Acts 1979, No. 449, § 1; A.S.A. 1947, § 84-1904.8.
Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.