Evidence of Farming Activities Necessary to Claim Farming Exemption in Arkansas

Friday, March 16th, 2018

 
 
Utility vehicle on farm.
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Arkansas
General

The Arkansas Department of Finance and Administration recently ruled that the farming exemption did not apply to the purchase of a utility vehicle. The taxpayer purchased a utility vehicle for use on timber land, hay fields, and for use in maintaining fences.

Arkansas exempts property used exclusively and directly in commercial farming. The ruling determined that the taxpayer did not provide sufficient evidence to prove that it was engaged in commercial farming or that the utility vehicle was used exclusively and directly in farming. In reasoning that the exemption did not apply, the ruling noted that the taxpay's income tax history did not show gains or losses from farming activities.

https://www.ttrus.com/Farming Exemption in Arkansas


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