HB1364
To Create A Sales And Use Tax Exemption For Breast Pumps, Breast Pump Collection And Storage Supplies, Breast Pump Kits, And Related Items.
Last Action (May 1, 2023): Died in House Committee at Sine Die Adjournment
Sponsors
AI-Generated Summary
House Bill 1364 amends Arkansas state law to create a sales and use tax exemption for breast pumps and specific related breastfeeding supplies. The bill defines qualifying items to include manual or electric breast pumps, collection and storage supplies, breast pump kits, and necessary accessories like travel bags and ice packs. It specifies that these items will be exempt from both state gross receipts tax and compensating use tax. The bill also includes provisions for repair and replacement parts for these devices. The exemption is set to become effective on the first day of the calendar quarter following the bill's effective date.
Potential Impact Analysis
Who Might Benefit?
The primary beneficiaries are breastfeeding parents in Arkansas who require breast pumps and related supplies. By removing sales and use taxes from these items, the bill reduces the financial burden on families purchasing equipment necessary for lactation and milk storage, potentially increasing the affordability and accessibility of these products.
Who Might Suffer?
The primary entity negatively impacted is the State of Arkansas, as the exemption will result in a decrease in state tax revenue collected from the sale of these products. While the exact fiscal impact depends on consumer spending, this bill represents a reduction in the tax base for the state and potentially local jurisdictions that rely on these sales tax revenues.
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