Arkansas Schedule K-1 2014 - dfa arkansas-2025

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To promote the state as a center of aviation and aerospace manufacturing, Arkansas legislature on April 7 passed a sales and use-tax exemption for aircraft maintenance, as well as a flyaway exemption for aircraft sales.
Sales tax is a tax paid to a governing body (state or local) on the sale of certain goods and services. Arkansas first adopted a general state sales tax in 1935, and since that time, the rate has risen to 6.5 percent.
The base state sales tax rate in Arkansas is 6.5%.
Part Year Residents Any PY resident who received any taxable income while an Arkansas resident must file a return, regardless of filing status or gross income amount.
Sales and Use Tax The Arkansas sales tax is 6.5% of the gross receipts from the sales of tangible personal property and certain selected services. Sale includes the lease or rental of tangible personal property.
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