News & Publications

In Case You Missed It: Last Week in Allyn Tax (July 25-29)

Farming for Taxes—Arkansas Clarifies Farming Machinery Exemption.

A taxpayer failed to prove entitlement to the farm machinery and equipment exemption for an ATV purchased outside Arkansas. The machinery is not used exclusively and directly in the commercial production of food and fiber, and the taxpayer is not a commercial farmer. The ATV is utilized in repairs of fencing, maintenance of a pond, and patrolling another property to prevent trespassers, which while beneficial to farming, are indirect uses that are not eligible for the exemption. The machinery purchased by the taxpayer represents tangible personal property for use in Arkansas.

 

Study Up on Sales Tax

From Friday, August 5, 2022, through Sunday, August 7, 2022, certain items can be purchased tax-free during the annual back-to-school sales tax holiday in Texas. The exemption applies to certain school supplies, clothing, shoes, and backpacks priced under $100. Qualifying items can be purchased tax-free online or by telephone, mail, custom order, or any other means (including in-store purchases). In most cases, a purchaser does not need to give the seller an exemption certificate to buy qualifying items tax-free.

 

Sales Tax Will Stay on the Rack - Oklahoma Clothing Sales Tax Holiday

Oklahoma announced a sales tax holiday from August 5-7, 2022. That weekend, clothing or footwear with a sales price of less than $100 will not be taxed. This applies to purchases made at retail locations, online, or through catalogs. The exemption does not apply to accessories, special clothing, or primarily athletic footwear.  

 

For More Information

If you are interested in learning more about this topic or other tax topics, please visit our Tax Publications under News & Publications at www.allynintl.com.


About Allyn International

Allyn International is dedicated to providing high quality, customer centric services and solutions for the global marketplace. Allyn's core products include transportation management, logistics sourcing, freight forwarding, supply chain consulting, tax management and global trade compliance. Allyn clients range from small local businesses to Fortune 500 firms. Allyn conducts business in more than 20 languages and has extensive experience in both developed and emerging markets. Highly trained experts are positioned throughout North and South America, Europe and Asia. Allyn’s regional headquarters are strategically located in Fort Myers, Florida, U.S.A., Shanghai, P.R. China, Prague, Czech Republic, and Dubai, U.A.E. For more information, visit www.allynintl.com.

 

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