Arkansas Sales Tax Holiday Announced
Thursday, May 24th, 2012
The Arkansas Department of Finance and Administration recently issued rules regarding the annual sales tax holiday, confirming that it will take place the first weekend of August. Ark. Dept. of Fin. & Admin. Revenue R. 2012-2. This year, the sales tax holiday begins at 12:01 a.m. Saturday, August 4 and ends at 11:59 p.m. Sunday, August 5. During that time, the following items are exempt from Arkansas sales tax:
- Clothing, up to $100 per item;
- Clothing accessories or equipment, up to $50 per item;
- School supplies;
- School art supplies;
- School instructional materials.
Sports equipment, computers and books are specifically excluded from the annual sales tax holiday. However, books that qualify as school instructional materials or school supplies will qualify for the exemption.
Transaction (buying or selling things), Tax (the tax on this activity), Resources (our people, our website, our support services) - TTR, Inc.
TTR has a website that companies subscribe to and use daily. This website provides a list of everything that can be bought or sold in the U.S. It provides simple answers to whether buying or selling these items is taxable (subject to a sales tax or other tax), and it provides all the legal authority to support these tax answers.
TTR likes to keep things simple and fun, which is why it has great people who provide help to clients on any support questions they have about transaction tax issues.
Please visit TTR on the web at www.ttrus.com or call 866.578.8193.
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