Used Car Sales Tax

Used Car Sales Tax


AWAY AT OUR COMMUNITIES IN OUR STATE áá WE BELIEVE IT’S IMPORTANT TO COME TOGETHER. SO WE HOPE YOU’LL JOIN US FOR OUR NEXT VICTORY WALK WHICH TAKES PLACE ON SATURDAY MARCH 30TH. IT WILL BE HELD AT THE SOUTHWEST COMMUNITY CENTER ON TO ATTEND. ((BOB)) ARKANSANS IN THE MARKET FOR A USED CAR COULD SOON DRIVE OFF WITH A BETTER DEAL. THE STATE HOUSE ADVANCED A BIPARTISAN BILL THAT WOULD EXEMPT SOME BUYERS FROM PAYING STATE AND LOCAL SALES TAXES. ((ASHLEY)) KARK 4’S JESSI TURNURE JOINS US IN STUDIO WITH THE DETAILS. ((JESSI)) A NEW CAR GETS TAXED. THEN EVERY TIME THE KEYS GO TO ANOTHER DRIVER… THE SALES TAX IS COLLECTED AGAIN… UP TO A CERTAIN VALUE OF THE VEHICLE. LAWMAKERS WANT TO CUT OFF THE TAX SOONER. SALES TAX. BUT SOME ARKANANS IN THE MARKET MAY NOT HAVE TO PAY IT FOR LONG. ((Michael Wyatt/Used Car Salesman)) “It plays a huge role in the decision to buy a car. You see people both prepared for it and not prepared for it.” UNDER CURRENT STATE LAW… MICHAEL WYATT’S CUSTOMERS WHO SPEND LESS THAN $4,000 ON A USED CAR DON’T HAVE TO PAY SALES TAX. THE ARKANSAS HOUSE quickly.” THE STATE REPRESENTATIVE BEHIND THE BILLá A CAR DEALER HIMSELFá HAS A SPECIFIC CUSTOMER IN MIND. ((St. Rep. John Payton/(R) Wilburn)) “That is so important for struggling families. I don’t know how to express it.” THE DEPARTMENT OF FINANCE AND ADMINISTRATION ESTIMATES THE BILL TO MAKE NEARLY 40,000 USED VEHICLES NO LONGER SUBJECT TO THE TAX… BUT THE AGENCY TESTIFIED NOT ONLY HELPS DRIVERS STOP… BUT SPLURGE. ((Michael Wyatt/Used Car Salesman)) “Some people are going to be able to buy a better car than they normally wouldn’t buy.” ((JESSI)) THE LEGISLATION PASSED THE HOUSE 84 TO ONE. IT

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