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Senate committee rejects bill to make motorboat sales tax collection mirror car rules
Summary
Senate Bill 394, which would have required sales tax collection on motorboat registrations and closed person-to-person online sales loopholes to mirror vehicle rules, failed on a committee voice vote after questions about whether it effectively imposed a new tax and how definitions and enforcement would work.
Senate Bill 394, introduced by Sen. Justin Boyd (District 27), would have required motorboat dealers and those titling motorboats in Arkansas to collect sales tax at the time of purchase or registration and would have treated used-boat transactions like used-car transactions for tax purposes.
Boyd told the Senate Revenue & Tax Committee the measure ‘‘creates parity with cars’’ and was intended to close a loophole used by ‘‘rogue social media sites’’ where individual sellers and intermediaries avoid sales tax collection. He said the bill…
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