Rule 006.05.98-010 - Gross Receipts Regulation Gr-11.1 - Sale of Postage Stamps

Pursuant to his authority under Ark. Code Ann. §§26-18-301 and26-19-108, the Director of the Arkansas Department of Finance and Administration promulgates the following regulation. This regulation is to be read in conjunction with the previous regulations and laws of the Department and this State.

GR 11.1 SALE OF POSTAGE STAMPS

A. Postage stamps sold at face value in the same manner as the United States Postal Service are not subject to gross receipts tax.

B. Postage stamps sold at more than face value are subject to gross receipts tax. Gross receipts tax shall be collected on the entire gross receipts for the sale of postage stamps sold at more than face value.