This bill proposes the creation of a sales and use tax exemption specifically for sales made to the Young Men's Christian Association (YMCA). It amends Arkansas Code 26-52-401, which outlines various sales tax exemptions, by adding a new subdivision that states gross receipts or gross proceeds from the sale of tangible personal property, specified digital products, a digital code, or a service to the YMCA will be exempt from sales tax.

Additionally, the bill includes a provision that specifies the effective date of this exemption, stating that it will take effect on the first day of the calendar quarter following the enactment of the act. This legislative change aims to support the YMCA by reducing its tax burden on eligible sales.

Statutes affected:
HB 1740: 26-52-401