- Taxpayers were not entitled to a refund of Arkansas sales and short-term rental tax on their lease of pallets
- Taxpayers did not qualify for the sale-for-resale exemption as they did not resell the pallets to end customers
- Ownership of the pallets was retained by the company and the taxpayers merely leased them
- Taxpayers were liable to pay an additional short-term rental tax of 1% on their rental charges for the leased pallets
- The method by which the consideration was determined did not affect the application of the short-term rental tax
- Taxpayers’ petitions were denied by the Tax Appeals Commission
Source: vitallaw.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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