Arkansas Administrative Code
Agency 006 - Department of Finance and Administration
Division 05 - Division of Revenues
GROSS RECEIPTS TAX RULES
Rule 006.05.06-005-GR-51.1 - EXEMPTIONS FROM TAX - LIVESTOCK REPRODUCTION EQUIPMENT
Universal Citation: AR Admin Rules 006.05.06-005-GR-51.1
Current through Register Vol. 49, No. 9, September, 2024
A. The gross receipts or gross proceeds derived from the sale of livestock reproduction equipment or substances are exempt from gross receipts tax.
B. DEFINITIONS.
1. "Livestock" means any mammal
the products of which are used for food or human consumption.
2. "Livestock reproduction equipment"
includes any of the following used in the reproduction of livestock:
a. Nitrogen;
b. Nitrogen tanks; and
c. Any equipment used to implement the
reproduction technique.
3. "Livestock reproduction substance" means
any natural or artificial substance used in the reproduction of livestock,
including semen or embryos.
Ark. Code Ann. § 26-52-439
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