This bill proposes the creation of a sales and use tax exemption for certain organizations that support veterans' facilities in Arkansas. Specifically, it amends Arkansas Code 26-52-401 to include a new exemption for gross receipts or gross proceeds from the sale of tangible personal property, specified digital products, digital codes, or services to the Arkansas Veterans Cemetery Foundation or to nonprofit organizations that meet specific criteria. These criteria include being recognized under 26 U.S.C. 501(c)(3) as of January 1, 2025, being registered as a nonprofit with the Secretary of State, and being established to support veterans' cemeteries, homes, or facilities administered by the Department of Veterans Affairs.

The bill also stipulates that the new exemption will take effect on the first day of the calendar quarter following its enactment. This legislative change aims to provide financial relief to organizations dedicated to supporting veterans and their facilities, thereby enhancing the resources available to these important services.

Statutes affected:
HB 1485: 26-52-401