§ 26-53-116. Exemption for sale and purchase of certain vessels

AR Code § 26-53-116 (2018) (N/A)
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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.