(a) (1) Any county general sales or use tax levied pursuant to this subchapter shall be levied and collected only on the first two thousand five hundred dollars ($2,500) of gross receipts, gross proceeds, or sales price on the sale of a:(A) Motor vehicle;(B) Aircraft;(C) Watercraft;(D) Modular home;(E) Manufactured home; or(F) Mobile home.(2) A vendor shall be responsible for collecting and remitting the tax only on the first two thousand five hundred dollars ($2,500) of gross receipts, gross proceeds, or sales price on the sale of a:(A) Motor vehicle;(B) Aircraft;(C) Watercraft;(D) Modular home;(E) Manufactured home; or(F) Mobile home.(3) If a sale or lease subject to subdivision (a)(1) of this section involves periodic payments, the applicable sales and use tax shall be:(A) For the purpose of determining the application of the limitation provided under subdivision (a)(1) of this section, applied to the aggregate amount of all periodic payments due on the sale or lease; and(B) Either:(i) Collected on the first periodic payment due on the sale or lease; or(ii) Evenly distributed and collected on each separate periodic payment due on the sale or lease.
(1) Any county general sales or use tax levied pursuant to this subchapter shall be levied and collected only on the first two thousand five hundred dollars ($2,500) of gross receipts, gross proceeds, or sales price on the sale of a:(A) Motor vehicle;(B) Aircraft;(C) Watercraft;(D) Modular home;(E) Manufactured home; or(F) Mobile home.
(A) Motor vehicle;
(B) Aircraft;
(C) Watercraft;
(D) Modular home;
(E) Manufactured home; or
(F) Mobile home.
(2) A vendor shall be responsible for collecting and remitting the tax only on the first two thousand five hundred dollars ($2,500) of gross receipts, gross proceeds, or sales price on the sale of a:(A) Motor vehicle;(B) Aircraft;(C) Watercraft;(D) Modular home;(E) Manufactured home; or(F) Mobile home.
(A) Motor vehicle;
(B) Aircraft;
(C) Watercraft;
(D) Modular home;
(E) Manufactured home; or
(F) Mobile home.
(3) If a sale or lease subject to subdivision (a)(1) of this section involves periodic payments, the applicable sales and use tax shall be:(A) For the purpose of determining the application of the limitation provided under subdivision (a)(1) of this section, applied to the aggregate amount of all periodic payments due on the sale or lease; and(B) Either:(i) Collected on the first periodic payment due on the sale or lease; or(ii) Evenly distributed and collected on each separate periodic payment due on the sale or lease.
(A) For the purpose of determining the application of the limitation provided under subdivision (a)(1) of this section, applied to the aggregate amount of all periodic payments due on the sale or lease; and
(B) Either:(i) Collected on the first periodic payment due on the sale or lease; or(ii) Evenly distributed and collected on each separate periodic payment due on the sale or lease.
(i) Collected on the first periodic payment due on the sale or lease; or
(ii) Evenly distributed and collected on each separate periodic payment due on the sale or lease.
(b) (1) Each vendor who is liable for one (1) or more county sales or use taxes shall report a combined county sales tax and a combined county use tax on his or her sales and use tax report.(2) The combined county sales tax is equal to the sum of all sales taxes levied by a county under this subchapter or any other provision of the Arkansas Code.(3) The combined county use tax is equal to the sum of all use taxes levied by a county under this subchapter or any other provision of the Arkansas Code.
(1) Each vendor who is liable for one (1) or more county sales or use taxes shall report a combined county sales tax and a combined county use tax on his or her sales and use tax report.
(2) The combined county sales tax is equal to the sum of all sales taxes levied by a county under this subchapter or any other provision of the Arkansas Code.
(3) The combined county use tax is equal to the sum of all use taxes levied by a county under this subchapter or any other provision of the Arkansas Code.
(c) This section applies only to a tax collected by the Secretary of the Department of Finance and Administration.