Arkansas § 26-52-451 Sales of certain aircraft

Arkansas Statutes

§ 26-52-451 — Sales of certain aircraft

Arkansas § 26-52-451

Title26

This text of Arkansas § 26-52-451 (Sales of certain aircraft) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ark. Code Ann. § 26-52-451 (2026).

Text

(a)The gross receipts or gross proceeds derived from the sale of an aircraft within the state are exempt from the gross receipts tax levied under this chapter and the compensating use tax levied by the Arkansas Compensating Tax Act of 1949, § 26-53-101 et seq., if the aircraft is sold by a:

(1)Person that is the resident of another state to a purchaser that:

(A)Is a resident of another state; and (B) Will base the aircraft outside of the State of Arkansas; or (2) Seller located in this state and the aircraft that is sold will be based outside of the State of Arkansas, notwithstanding the fact that possession of the aircraft may be taken in this state for the sole purpose of removing the aircraft from the state under its own power.

(b)The fact that a purchaser takes possession of an air

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(a) The gross receipts or gross proceeds derived from the sale of an aircraft within the state are exempt from the gross receipts tax levied under this chapter and the compensating use tax levied by the Arkansas Compensating Tax Act of 1949, § 26-53-101 et seq., if the aircraft is sold by a: (1) Person that is the resident of another state to a purchaser that: (A) Is a resident of another state; and (B) Will base the aircraft outside of the State of Arkansas; or (2) Seller located in this state and the aircraft that is sold will be based outside of the State of Arkansas, notwithstanding the fact that possession of the aircraft may be taken in this state for the sole purpose of removing the aircraft from the state under its own power. (b) The fact that a purchaser takes possession of an aircraft in this state does not prevent the application of the exemption provided in this section if the purchaser takes possession of the aircraft for the sole purpose of: (1) Removing the aircraft from this state under its own power; or (2) Locating the aircraft at a maintenance facility in this state for the time period necessary to complete maintenance or modifications to the aircraft if the aircraft is removed from this state upon completion of the maintenance or modifications.