Ark. Code § 26-53-116
Current with legislation from 2024 Fiscal and Special Sessions.
The gross receipts and gross proceeds derived from the sale and purchase of vessels, barges, and towboats of at least a fifty-ton load displacement and parts and labor used in the repair and construction of them are exempt from the state compensating tax levied by this subchapter.
Ark. Code § 26-53-116