Arkansas Administrative Code
Agency 006 - Department of Finance and Administration
Division 05 - Division of Revenues
Rule 006.05.96-001 - Regulation GR-51 Amendment to Gross Receipts Regulation
Universal Citation: AR Admin Rules 006.05.96-001
Current through Register Vol. 49, No. 9, September, 2024
This amendment is necessary in order to implement and.enforce Act 587 of 1995.
Gross Receipts Regulation GR-51(B) (1) (a) is amended to read as follows:
B. The term "farm equipment and machinery" means agricultural implements used exclusively and directly for the agricultural production of food or fiber as a business.
(1) The following agricultural implements are
exempt provided they meet the requirements of paragraphs B(3) and B(4) of this
regulation:
(a) Combines, cotton pickers,
cotton module builders, cotton trailers, cultivators, discs, farm tractors,
(other than garden tractors) harrows, irrigation equipment, milking equipment
including milking machines, mechanical pickers, planters, plows, rotary hoes,
sprayers, spreaders and threshing machines. "Irrigation equipment" means
(i) pipes, hoses, tubing and accessories to
the pipes, hoses and tubing which deliver irrigation water from the water
source to the crops regardless of whether the equipment becomes affixed to real
property,- and,
(ii) pumps, gates,
and other equipment other than pipes, hoses and tubing, which is movable and
does not become affixed to real property. Irrigation equipment, other than
pipes, hoses and tubing, which is designed or intended to be permanently
attached or incorporated into real property is not exempt.
Disclaimer: These regulations may not be the most recent version. Arkansas may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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