In a case involving two in-state auto dealerships that had assigned vehicles with dealer license tags from their inventory to various employees and owner family members, the Arkansas Supreme Court held that such assignments triggered taxable withdrawals from stock for use tax purposes under Arkansas statute even though these vehicles remained available for sale and were ultimately sold to consumers.
Source Deloitte
Latest Posts in "United States"
- Top U.S. States With No Sales Tax: Business and E-Commerce Savings in 2025
- U.S. Eliminates $800 De Minimis Exemption; New Tariffs on All Low-Value Imports Effective August 2025
- U.S. Sales Tax Explained: Key Rules, Nexus, Exemptions, and Compliance Steps for Businesses
- Utah Approves New Emergency Services Sales Tax and Modifies Rural Health Care Tax Rules
- Committee Urges Voters to Renew 1% Sales Tax for Bibb County School Improvements