Current through Register Vol. 49, No. 9, September, 2024
Pursuant to his authority under Ark. Code Ann. §§
26-18-301 and
26-52-105,
the Director of the Arkansas Department of Finance and Administration
promulgates the following regulation for the purpose of implementing Act 1693
of 2005.
1.
EFFECTIVE DATE: This
regulation shall be effective on and after July 1, 2005.
2.
PURPOSE: This regulation is
promulgated to implement and clarify the collection of sales and use tax on
sales of heavy equipment and to establish the procedure for affixing decals in
connection with such sales as required by Act 1693 of 2005.
3.
DEFINITIONS:
A. "Heavy equipment" includes rough terrain
fork lifts, scissor lifts, extendable boom lifts, cranes, trenchers, loader
backhoes, excavators, bulldozers, motor graders, crawler tractors and loaders,
skid-steer loaders, scrapers, earth movers, compaction equipment, asphalt
pavers, demolition equipment, concrete pavers, wheel loaders, rock drills,
portable air compressors that are 100 CFM or greater, cable plows, boring
machines or any other equipment determined by the Director to be heavy
equipment following the adoption of a regulation in accordance with state law.
(i) Demolition equipment is limited to
equipment that is used to demolish structures or highway.
(ii) Rock drills are limited to equipment
used to drill holes in rock or concrete.
B. With the exception of portable air
compressors, the items listed in paragraph 3(A) of this rule shall be
considered to be heavy equipment only if:
(i)
the item is propelled by its own internal engine or internal power source;
and
(ii) the item is intended for
outside use.
C. Heavy
equipment does not include:
(i) hand held
tools;
(ii) portable tools and
attachments, with the exception of portable air compressors 100 CFM or
greater;
(iii) farm tractors or
small tractors used for mowing, gardening, etc.;
(iv) items used in conjunction with the
operation of a manufacturing or processing facility;
(v) motor vehicles;
(vi) locomotives;
(vii) aircraft or watercraft.
4.
GENERAL
INFORMATION:
A. All sales of new and
used heavy equipment are subject to sales or use tax unless otherwise exempted.
The tax shall be collected, reported and remitted by the heavy equipment dealer
at the time of sale.
B. At the time
of sale, every dealer who sells heavy equipment shall affix a decal to each
piece of heavy equipment sold as proof that either:
1) sales tax has been paid on the heavy
equipment; or
2) either the heavy
equipment or the purchaser of the equipment is exempt from tax. The dealer
shall record the decal number on the sales invoice or other document evidencing
the sale.
C. The dealer
shall affix the decal in a prominent and clearly visible place on the heavy
equipment.
D. A red decal shall be
affixed to heavy equipment that is taxable and for which the dealer collected
the tax. If the equipment is exempt from tax under the farming exemption, a
blue decal shall be affixed. If the equipment is exempt from tax under any
other tax exemption (i.e., manufacturing, timber harvesting, etc.), a green
decal shall be affixed. No decal is required for heavy equipment that is sold
exempt from tax as a sale for resale, because the dealer will affix the decal
at the time the heavy equipment is sold to the ultimate consumer.
E. A dealer who sells used heavy equipment
shall remove the old decal from the used equipment before it is resold and a
new decal shall be affixed when the item is resold. If the dealer fails to
remove the old decal, the Director shall assess the following penalties:
i) One hundred dollars for the first offense;
ii) Two hundred dollars for the
second offense; and
iii) Five
hundred dollars for the third and subsequent offenses.
F. Decals may be obtained from the Department
of Finance and Administration, Sales and Use Tax Section, P.O. Box 1272, Little
Rock, Arkansas 72203.
G. In the
event a decal on heavy equipment is lost or damaged, the purchaser of the
equipment may obtain a replacement decal from the Department of Finance and
Administration. Before a replacement decal will be issued, the purchaser must
provide the original sales invoice or other document evidencing the sale that
shows the original decal number recorded by the dealer at the time of
sale.
H. Any person who purchases
heavy equipment for storage or use within Arkansas from a dealer located
outside of Arkansas, and who does not pay tax to the out of state dealer, shall
be liable for Arkansas use tax.
(i) A
purchaser of heavy equipment who does not pay tax to the out of state dealer is
required to pay Arkansas use tax to the Arkansas Department of Finance and
Administration. The tax shall be reported and paid to the Sales and Use Tax
Section. Upon payment of the tax, the purchaser shall receive a decal to affix
to each piece of heavy equipment purchased.
(ii) If the purchaser has paid sales or use
tax to an out of state dealer, the purchaser shall present proof to the Sales
and Use Tax Section that the tax has been paid, and the purchaser shall receive
a decal to affix to each piece of heavy equipment.
I. SALES BY AUCTIONEERS: Auctioneers who
simply auction items for third parties, and who do not maintain an inventory of
their own, are not heavy equipment dealers and are not required to affix a
decal on heavy equipment they sell. However, if an auctioneer maintains an
inventory of items for sale which includes heavy equipment, then the auctioneer
must affix a decal on heavy equipment sold from the inventory. In the event an
auctioneer sells the inventory of a heavy equipment dealer that is liquidating,
the heavy equipment dealer is responsible for affixing a decal to equipment
sold.
J. DIRECT PAY PERMIT HOLDERS:
If heavy equipment is sold to the holder of a direct pay permit, the heavy
equipment dealer is not required to affix a decal. Instead, the holder of the
direct pay permit shall be required to contact DFA to obtain the proper decal
for the equipment.
K. RENTALS.
Dealers who sell heavy equipment to purchasers:
(i) who elect to collect tax on the rental
payments and claim the sale for resale exemption at the time the equipment is
purchased are not required to affix a decal to the heavy equipment. The
purchaser must obtain the applicable decal from the Department of Finance and
Administration prior to renting the equipment. For example, if the lessor rents
to an exempt entity, the appropriate decal would be an "exempt" decal. However,
if the lessor is required to collect tax on the stream of rental payments, the
appropriate decal would be a red decal;
(ii) who elect to pay tax on the heavy
equipment at the time of sale must affix a red decal indicating that the dealer
has collected tax on the sale of the heavy equipment. The purchaser is not
required to affix any additional decal at the time of rental.
IN WITNESS WHEREOF, we have hereunto set our hands this 17th
day of February 2006.
_________________________ _____________________________
RICHARD A. WEISS, Director TIM LEATHERS, Deputy Director
Arkansas Dept. of Finance & Administration and Commissioner
of Revenue