GroundRules
Ark. Code Ann. § 26-52-426: Railroad rolling stock manufactured for use in interstate commerce - Definition
Where this section sits in the code
- AR Code
- Title 26
- Chapter 52
- Subchapter 4
(a) The gross receipts or gross proceeds derived from the sale or lease of railroad rolling stock manufactured for use in transporting persons or property in interstate commerce is exempt from the gross receipts tax levied by this chapter. (b) (1) As used in this section, "railroad rolling stock" means completed railroad locomotives and completed railroad cars designed to haul either passengers or freight. (2) (A) "Railroad rolling stock" shall not include repair parts or materials used to repair locomotives or railroad cars, components of railroad cars or locomotives, trailers, or any property not used directly in the transportation of passengers or freight. (B) "Railroad rolling stock" shall also not include machinery used to repair or maintain railroad cars, locomotives, track, railroad ties, or railroad roadway. Acts 1994 (2nd Ex. Sess.), No. 25, § 1.
(a) The gross receipts or gross proceeds derived from the sale or lease of railroad rolling stock manufactured for use in transporting persons or property in interstate commerce is exempt from the gross receipts tax levied by this chapter.
(b) (1) As used in this section, "railroad rolling stock" means completed railroad locomotives and completed railroad cars designed to haul either passengers or freight. (2) (A) "Railroad rolling stock" shall not include repair parts or materials used to repair locomotives or railroad cars, components of railroad cars or locomotives, trailers, or any property not used directly in the transportation of passengers or freight. (B) "Railroad rolling stock" shall also not include machinery used to repair or maintain railroad cars, locomotives, track, railroad ties, or railroad roadway.
(1) As used in this section, "railroad rolling stock" means completed railroad locomotives and completed railroad cars designed to haul either passengers or freight.
(2) (A) "Railroad rolling stock" shall not include repair parts or materials used to repair locomotives or railroad cars, components of railroad cars or locomotives, trailers, or any property not used directly in the transportation of passengers or freight. (B) "Railroad rolling stock" shall also not include machinery used to repair or maintain railroad cars, locomotives, track, railroad ties, or railroad roadway.
(A) "Railroad rolling stock" shall not include repair parts or materials used to repair locomotives or railroad cars, components of railroad cars or locomotives, trailers, or any property not used directly in the transportation of passengers or freight.
(B) "Railroad rolling stock" shall also not include machinery used to repair or maintain railroad cars, locomotives, track, railroad ties, or railroad roadway.
Collected 2026-09-17T21:35:43Z. Source file · JSON
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Arkansas electronic product files were republished by Public.Resource.Org under a public-domain mark. GroundRules uses enacted text from Release 78 only as a labeled supplement to the newer Open US Law rows. Source