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House panel approves bill shifting motorboat sales-tax collection to DFA
Summary
The Arkansas House Revenue & Taxation Committee passed SB 638, sponsored by State Representative Lee Johnson, to move collection of sales tax on motorboats sold by motorboat dealers to the Department of Finance and Administration at tag issuance; the measure passed by voice vote and no public testimony was recorded.
The Arkansas House Revenue & Taxation Committee voted to pass SB 638, sponsored by State Representative Lee Johnson of District 47, which would require sales tax on new and used motorboats bought from motorboat dealers to be collected by the Department of Finance and Administration (DFA) when buyers obtain tags rather than by dealers at the point of sale.
The change is intended to align motorboat tax collection with the current process for motor vehicles and to relieve dealers from serving as the tax collector, Johnson said. "This bill…
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