On Dec. 20, Rep.
Don House (D-Walnut Ridge) pre-filed "emergency" legislation
that would exempt from the state sales and use tax the gross receipts
in excess of $1,000 derived from the sale of a truck tractor and in
excess of $500 from the sale of a semi-trailer. The proposal is co-sponsored
by Johnnie Bolin (D-Crossett). The two lawmakers call it a compromise
that will help hundreds of Arkansas truckers stop baseplating in other
states (primarily Oklahoma) and begin buying tags in their home state
without incurring unreasonable back taxes, penalties and interest.
Department of Finance and Administration has indicated its intent
to collect gross receipts and compensating use tax on trucking equipment
purchased for at least the past three years by Arkansas trucking businesses
that used third party registration agents in Oklahoma to register
their equipment. The collection of this money will have a devastating
effect on the trucking business in Arkansas, forcing many truckers
out of business, into bankruptcy or to relocate outside Arkansas.
include Rep. Agee, Bolin, Biggs, Borhauer, Clemons, Cowling, Dickinson,
Eason, Fite, Green, Hutchinson, Jackson, Jones, Mack, Mathis, Ormond,
L.Prater, Rankin, Seawel, Sullivan, Thomas, J. Wood. Senate sponsors
include Sen. Holt, Whitaker and Womack.
To read the proposed
bill, go to:
General Assembly's session convenes Jan. 13.