Legal Opinion

Opinion No.

Arkansas Attorney General Reports

Decided October 31, 1995Published

1Opinion of the Court

The Honorable James G. Dietz State Representative 4221 Richards North Little Rock, Arkansas 72117

Dear Representative Dietz:

This letter is a response to your request for an opinion regarding the method of taxing car sales in Arkansas. Pursuant to A.C.A. §26-52-510(b), a vehicle sale which involves the taking of another vehicle in trade is taxed upon the basis of the difference between the total consideration for the vehicle sold and the credit given for the traded vehicle. In contrast, a vehicle sale which does not involve the taking of another vehicle in trade is taxed upon the basis of the…

2Cases cited14 opinions

  1. Connolly v. Union Sewer Pipe Co.Supreme Court of the United States · 1902
  2. Streight v. RaglandSupreme Court of Arkansas · 1983
  3. Medlock v. LeathersSupreme Court of Arkansas · 1992
  4. McCarroll, Commr. of Revs. v. Gregory-Robinson-SpeasSupreme Court of Arkansas · 1939
  5. Summers Chevrolet, Inc. v. Yell CountySupreme Court of Arkansas · 1992

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