What is exempt from sales tax in Arkansas?
Some goods are exempt from sales tax under Arkansas law. Examples include prescription drugs, purchases made with food stamps, and some farming equipment.
What items are tax free in Arkansas?
Beginning at 12:01 a.m. on Saturday August 7, 2021, and ending at 11:59 p.m. on Sunday August 8, 2021, the State of Arkansas will hold its sales tax holiday allowing shoppers the opportunity to purchase certain Electronic Devices, School Supplies, School Art Supplies, School Instructional Materials, and Clothing free …
What is subject to sales tax in Arkansas?
Goods that are subject to sales tax in Arkansas include physical property, like furniture, home appliances, and motor vehicles. Arkansas charges a 1.5% reduced rate on the purchase of groceries. Some services in Arkansas are subject to sales tax.
Does Arkansas have sales tax on food?
Arkansas imposes a 6.5 percent state sales and use tax on certain nonfood items. It imposes a 0.125 percent state reduced food tax on food items. These tax rates, and tax rates on other items such as beer, mixed drinks and liquor, are listed at the Arkansas Department of Finance and Administration (DFA) website.
Does Arkansas charge sales tax on clothing?
State and local sales tax will not be collected during this 48-hour period on the sale of: (1) Clothing and footwear if the sales price is less than one hundred dollars ($100) per item; (2) Clothing accessories and equipment if the sales price is less than fifty dollars ($50) per item; (3) School supplies; (4) School …
Do you have to pay sales tax on used equipment in Arkansas?
Nothing in Arkansas law requires an Arkansas seller to collect sales and use taxes for another state. You are encouraged to contact the other states tax department to determine if you have the requirement to collect their taxes. My business performs taxable repairs to equipment.
Are diapers tax free in Arkansas?
Multiple items are on the tax-free list, including diapers, cosmetics, and shoes. All retailers are required to participate and may not charge tax on items that are legally tax-exempt during the Sales Tax Holiday. Here is a full list of items that are exempt from this year’s Sales Tax Holiday in Arkansas.
Do you have to pay sales tax on used ATV in Arkansas?
Purchasers of used ATVs will remit sales taxes on the purchase price if the ATV has a purchase price of at least $4,000. All sales of motor vehicles with a sales price above the threshold level are subject to taxation regardless if purchased from a dealer or an individual private seller.
Do you have to pay sales tax on a camper in Arkansas?
Currently, Arkansas law provides that the sale or purchase of a new or used motor vehicle, trailer, or semitrailer for less than $4,000.00 is exempt from sales and use tax.
How do I get a sales tax number in Arkansas?
How do you register for a sales tax permit in Arkansas? You can register online at the Arkansas Taxpayer Access Point (ATAP) or fill out the paper application Just click “Sign up” and you’ll be prompted to enter business info then register for your sales tax permit.
Does everyone pay the same sales tax?
Because everyone in a certain area, rich or poor, pays the same percentage in sales taxes, those taxes are regressive. The less you make the more you’ll feel the hit if sales taxes go up. Recognizing the burden of sales tax on the less fortunate, most states exempt grocery items from sales taxes.
Are churches exempt from sales tax in Arkansas?
Currently churches and other nonprofits are subject to sales and use tax when they purchase tangible personal property and certain specified services unless the purchases are for resale.
How do I pay sales tax in Arkansas?
You have three options for filing and paying your Arkansas sales tax:
- File online – File online at the Arkansas Taxpayer Access Point (ATAP). You can remit your payment through their online system.
- File by mail – You can use Form ET-1 and file and pay through the mail. …
- AutoFile – Let TaxJar file your sales tax for you.
How do u figure out sales tax?
Sales Tax Calculations:
- Sales Tax Amount = Net Price x (Sales Tax Percentage / 100)
- Total Price = Net Price + Sales Tax Amount.
What is consumer use tax in Arkansas?
What are the Arkansas Use Tax rates? Arkansas Consumer Use Tax “state tax” rate is 6.5 percent of the purchase price of general merchandise and taxable services plus any applicable City and County Consumer Use Tax.
How much is sales tax on a vehicle in Arkansas?
Arkansas collects a 6.5% state sales tax rate on the purchase of all vehicles which cost more than 4,000 dollars. Vehicles which were purchased at a cost of 4,000 dollars or less are not applicable for state sales tax, and will not be charged.
Does Arkansas have a use tax?
Use Tax is a tax on tangible personal property purchased out-of-state and brought into Arkansas for use, storage, consumption, or distribution. The tax is designed to assure fair competition between Arkansas businesses and out-of-state businesses.
Are out of state sales taxable in Arkansas?
The Arkansas compensating use tax of 6.5% is levied on tangible personal property purchased from outside the state of Arkansas for use, storage or consumption within the state of Arkansas.