Ark. Code § 26-53-116
Current with legislation from 2024 effective through May 3, 2024.
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.
Ark. Code § 26-53-116