Rule 006.05.95-006 - Amendment to Arkansas Gross Receipts Regulation Gr-45(a)

These amendments to the Arkansas Gross Receipts Regulations are necessary in order to properly implement and enforce Ark Code Ann.§26-52-405 and are promulgated pursuant to the autnority vested in the Director of the Department of Finance tion and the Commissioner of Revenue by Act 386 of 1941 and Act 401 of 1979.

Gross Receipts Regulation GR-45 (A) is amended to read as follows:

"(A) The gross receipts or gross proceeds derived from sales of agricultural fertilizer, agricultural limestone, and agricultural chemicals are exempt from the tax. The term 'agricultural chemicals' includes, but is not limited to agricultural pesticides and agricultural herbicides; and vaccines, medications and medicinal preparations used in treating livestock and poultry. Pesticides and herbicides used in and around poultry and other animal houses and agricultural chemicals and fertilizers used in the commercial production of timber are exempt."