Question: How Many Days To Pay Car Sales Tax In Arkansas?

How does vehicle sales tax work in Arkansas?

Arkansas collects a 6.5% state sales tax rate on the purchase of all vehicles which cost more than 4,000 dollars. In addition to taxes, car purchases in Arkansas may be subject to other fees like registration, title, and plate fees.

What is the penalty for paying vehicle sales tax late in Arkansas?

Penalty: A penalty equal to 10% of the amount of taxes due is assessed when a taxpayer fails to pay motor vehicle taxes when due.

How many days do you have to register a vehicle in Arkansas?

You have 30 calendar days after becoming a resident to register your vehicle in Arkansas. Applications can be made in any state revenue office.

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What is the 45 day tax credit in Arkansas?

Act 1232 of 1997, as amended by Act 1047 of 2001, provides for a sales and use tax credit for new and used motor vehicles, trailers, or semitrailers purchased on or after January 1, 1998, if within 45 days either before or after the date of purchase, the consumer sells a used motor vehicle, trailer or semitrailer.

How do I avoid paying sales tax on a used car in Arkansas?

Subtract Value of Old Vehicle Arkansas law gives you credit for such a sale as long as it was within 45 days before or after the purchase of the recently acquired vehicle. Bring the bill of sale for the old vehicle with you when paying tax so you receive this credit.

What is the maximum amount you can pay for a car in Arkansas and not pay sales tax?

Cabot, Ark – Arkansas is looking to increase the threshold at which sales tax is collected on used cars. Currently there are no sales taxes collected on vehicles at $4,000 or less. HB1160 is looking to increase the threshold to $7,500 and then in two years increase it again to $10,000.

What happens if you don’t register your car in 30 days Arkansas?

Late fees do apply if you fail to register your vehicle within 30 days. The fee for a late registration is $3 for every 10 days. The fee for a late payment of sales tax is 10% of the amount you owe in sales tax.

How much will my tags cost in Arkansas?

The following are registration fees based on your vehicle: 3,000 pounds and under $17. 3,001 to 4,500 pounds $25. 4,501 pounds and over $30.

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How much will my sales tax be in Arkansas?

The state general sales tax rate of Arkansas is 6.5%. Cities and/or municipalities of Arkansas are allowed to collect their own rate that can get up to 3.5% in city sales tax.

Can I drive a car without plates if I just bought it in Arkansas?

Arkansas. You may not drive a car in Arkansas without license plates. I advise you to check in with the local DMV because you can only drive with temporary tags in Arkansas for 30 days.

What documents do I need to register a car in Arkansas?

What You’ll Need to Register your Vehicle in Arkansas

  1. Proof of ownership.
  2. A signed copy of your lien agreement.
  3. A completed Vehicle Registration Application (Form 10-381) which acts as both regustration and titling application.
  4. State of Arkansas Vehicle Bill of Sale Odometer Disclosure Statement Form (Form 10-313)

Do I have to pay sales tax on a used car in Arkansas?

The sales tax sits at 6.5% for used vehicles. Arkansans do not have to pay the sales tax on used vehicles that cost fewer than $4,000.

How can I avoid paying sales tax on a car?

You can avoid paying sales tax on a used car by meeting the exemption circumstances, which include: You will register the vehicle in a state with no sales tax because you live or have a business there. You plan to move to a state without sales tax within 90 days of the vehicle purchase.

What is exempt from sales tax in Arkansas?

Some goods are exempt from sales tax under Arkansas law. Examples include prescription drugs, purchases made with food stamps, and some farming equipment.

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