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Committee advances bill creating farm sales-tax ID card despite staff concerns about costs
Summary
The House committee approved legislation to allow the Department of Finance and Administration to issue farm sales-tax ID cards to streamline exempt purchases but heard extended questions about DFA’s projected implementation costs, staffing needs and audit processes.
The House Revenue & Taxation Committee voted to advance a bill that would allow the Department of Finance and Administration to issue farm sales-tax identification cards to qualifying farmers to simplify claiming sales-tax exemptions.
Mark Lambert of the Arkansas Farm Bureau and other farm representatives told the committee the card would reduce paperwork for farmers and retailers and keep sales tax dollars in Arkansas by discouraging cross-border…
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