This bill proposes the creation of a sales and use tax exemption for specific items related to human burial, including caskets, burial vaults, casket inserts, and cremation urns. It introduces a new section to the Arkansas Code, specifically 26-52-455, which states that the first $1,000 of gross receipts from the sale of these items will be exempt from both the gross receipts tax and the compensating use tax. Additionally, the bill allows for the possibility of administering this exemption as a rebate.

The effective date of this exemption is set for the first day of the calendar quarter following the enactment of the bill. This legislation aims to alleviate some of the financial burdens associated with burial costs, providing support to families during difficult times.