{"data":{"id":"us-ar/ark.-code-ann.-26-53-116","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 26-53-116","heading":"Exemption for sale and purchase of certain vessels","body":"The gross receipts and gross proceeds derived from the sale and purchase of vessels, barges, and towboats of at least a fifty-ton load displacement and parts and labor used in the repair and construction of them are exempt from the state compensating tax levied by this subchapter.","path":["AR Code","Title 26","Chapter 53","Subchapter 1"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_ar_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:41Z","sha256":"1d63889a0cd2fe934b6a81d1a743433bbf3357400bf1c5dd2dd44d20766cc55e","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-26-53-115","next":"us-ar/ark.-code-ann.-26-53-117"},"notice":"GroundRules: Original legal text. Not legal advice."}