# Ark. Code Ann. § 26-52-409: Aircraft held for resale and used for rental or charter > Arkansas · Statutes · In force URL: https://www.frixlaw.com/law-library/statutes/STATE_AR_T26_C52_S4_S26-52-409 ## Section - **Citation:** Ark. Code Ann. § 26-52-409 - **Heading:** Aircraft held for resale and used for rental or charter - **Jurisdiction:** Arkansas - **Kind:** Statutes - **Status:** In force - **Text as of:** August 14, 2026 - **Source:** Compiled text - **Location:** AR Code / Title 26 / Chapter 52 / Subchapter 4 / Section 26-52-409 ## Text (a) (1) Any person, whether an established business or an individual, engaged in the business of selling aircraft in this state and holding a retail sales tax permit may purchase aircraft exempt for resale and use the aircraft for rental or charter service without payment of sales or use tax for a period of not to exceed one (1) year from the date of purchase of the aircraft. (2) In the case of aircraft purchased for resale which require substantial modification or substantial refurbishing prior to resale, the purchaser may use the aircraft for rental or charter service without payment of sales or use tax for a period of not to exceed two (2) years from the date of purchase of the aircraft. (b) The use of the aircraft for rental or charter during the applicable one-year or two-year holding period described in subsection (a) of this section shall not constitute a withdrawal from stock, and the purchaser shall not be required to pay the sales tax on the purchase price of the aircraft held in stock and used for such purposes. (c) The aircraft purchaser shall collect and remit gross receipts and short-term rental tax on the rentals and shall subsequently collect and remit the gross receipts tax on the aircraft at the time of subsequent sale in the manner required by law. (d) If the purchaser fails to sell the aircraft during the applicable holding period, the purchaser shall be liable for sales or use tax on his or her purchase price of the aircraft. Acts 1975, No. 1008, § 1; A.S.A. 1947, § 84-1904.2; Acts 1995, No. 499, § 1. (a) (1) Any person, whether an established business or an individual, engaged in the business of selling aircraft in this state and holding a retail sales tax permit may purchase aircraft exempt for resale and use the aircraft for rental or charter service without payment of sales or use tax for a period of not to exceed one (1) year from the date of purchase of the aircraft. (2) In the case of aircraft purchased for resale which require substantial modification or substantial refurbishing prior to resale, the purchaser may use the aircraft for rental or charter service without payment of sales or use tax for a period of not to exceed two (2) years from the date of purchase of the aircraft. (1) Any person, whether an established business or an individual, engaged in the business of selling aircraft in this state and holding a retail sales tax permit may purchase aircraft exempt for resale and use the aircraft for rental or charter service without payment of sales or use tax for a period of not to exceed one (1) year from the date of purchase of the aircraft. (2) In the case of aircraft purchased for resale which require substantial modification or substantial refurbishing prior to resale, the purchaser may use the aircraft for rental or charter service without payment of sales or use tax for a period of not to exceed two (2) years from the date of purchase of the aircraft. (b) The use of the aircraft for rental or charter during the applicable one-year or two-year holding period described in subsection (a) of this section shall not constitute a withdrawal from stock, and the purchaser shall not be required to pay the sales tax on the purchase price of the aircraft held in stock and used for such purposes. (c) The aircraft purchaser shall collect and remit gross receipts and short-term rental tax on the rentals and shall subsequently collect and remit the gross receipts tax on the aircraft at the time of subsequent sale in the manner required by law. (d) If the purchaser fails to sell the aircraft during the applicable holding period, the purchaser shall be liable for sales or use tax on his or her purchase price of the aircraft. Acts 1975, No. 1008, § 1; A.S.A. 1947, § 84-1904.2; Acts 1995, No. 499, § 1. ## Nearby sections - [Ark. 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Code Ann. § 26-52-407 Certain vessels](https://www.frixlaw.com/law-library/statutes/STATE_AR_T26_C52_S4_S26-52-407.md) - [Ark. Code Ann. § 26-52-408 Certain bagging, packaging, or tying materials - Definitions](https://www.frixlaw.com/law-library/statutes/STATE_AR_T26_C52_S4_S26-52-408.md) - [Ark. Code Ann. § 26-52-409 Aircraft held for resale and used for rental or charter](https://www.frixlaw.com/law-library/statutes/STATE_AR_T26_C52_S4_S26-52-409.md) - [Ark. Code Ann. § 26-52-410 Motor vehicles sold to political subdivisions and schools](https://www.frixlaw.com/law-library/statutes/STATE_AR_T26_C52_S4_S26-52-410.md) - [Ark. Code Ann. § 26-52-411 Admission tickets sold by municipalities and counties](https://www.frixlaw.com/law-library/statutes/STATE_AR_T26_C52_S4_S26-52-411.md) - [Ark. Code Ann. § 26-52-412 Admission tickets sold by schools, universities, and colleges](https://www.frixlaw.com/law-library/statutes/STATE_AR_T26_C52_S4_S26-52-412.md) - [Ark. Code Ann. § 26-52-413 Products sold to orphans' or children's homes](https://www.frixlaw.com/law-library/statutes/STATE_AR_T26_C52_S4_S26-52-413.md) - [Ark. Code Ann. § 26-52-414 Products sold to humane societies](https://www.frixlaw.com/law-library/statutes/STATE_AR_T26_C52_S4_S26-52-414.md) --- Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_AR_T26_C52_S4_S26-52-409. Check the current official text before relying on it. Not legal advice.