SB541
To Create A Sales And Use Tax Exemption For Certain Items And Services Sold To A Cemetery.
Last Action (May 1, 2023): Sine Die adjournment
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AI-Generated Summary
Senate Bill 541 creates a sales and use tax exemption for specific items and services purchased by cemeteries in Arkansas. The exemption applies to maintenance services for cemetery grounds used for human remains, such as landscaping, mowing, and tree care. It also covers maintenance equipment, lawn care items, and motor vehicles—including tractors, mowers, dump trucks, and gravel—utilized for the upkeep of these grounds. Additionally, the bill exempts computer software and hardware used exclusively for cemetery management and data retention. The act is scheduled to take effect on the first day of the calendar quarter following its enactment.
Potential Impact Analysis
Who Might Benefit?
The primary beneficiaries are cemetery owners and operators in Arkansas, as they will reduce their overhead costs related to grounds maintenance, equipment acquisition, and administrative technology. By extension, this may benefit those who manage cemeteries by allowing them to allocate more resources toward facility improvements or potentially lower costs for consumers purchasing burial services.
Who Might Suffer?
The primary entity negatively impacted is the State of Arkansas and its local governments, which will experience a reduction in tax revenue due to the new sales and use tax exemptions. Consequently, the state and local municipalities may have less funding available for public services and budgetary allocations.
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