Are you an Arkansas Contractor that commonly spends more than $2,500 per invoice? You are leaving money on the table!
Mission Statement:
To provide Arkansas contractors and businesses with a 1 stop resource to recover the money they are entitled to.
About Us:
We are an Arkansas Contractor owned business with 15 years in the construction industry and one of the best accountants in the business, yet we have left TENS OF THOUSANDS of dollars on the table in unclaimed sales tax rebates. There is a little known law that allows businesses to reclaim local sales tax paid on business expenses over $2,500. This tax is paid on your invoice and you MUST file paperwork with the state to get it back. The process is tiresome and takes months to process so many business do not even go to the trouble. No worries, we have created systems to handle the majority of it for you. The best part is you don't pay us unless and until you get paid. That's right, we work off a percentage of what we recover for you. More details from the state below or click above to be contacted. PLEASE don't wait, the state of Arkansas Department of Finance and Administration only allows us to go back 12 months.
Rebates to Businesses of Additional Local Tax Paid on Purchases
What are the local tax rebates? Are businesses eligible for a rebate or refund of the additional local tax paid on their own business purchases?
Yes. Businesses are eligible for a rebate or refund of the additional local sales tax paid to their suppliers on business purchases where the purchase invoice exceeds $2,500.00. The purchase must be a “business expense” (i.e. Building materials, Frame Packs, Shingles, Plumbing Packages, Electrical Packages etc)
Who is eligible to claim a local tax rebate for the additional local tax paid on purchase invoices that exceed $2,500.00?
All businesses are eligible to claim rebates on eligible business purchases, including those businesses that are not registered to collect sales tax. In addition, governmental agencies, schools, colleges and universities, churches, and non-profit organizations may apply for rebates/refunds of additional local taxes paid.
Do I claim my rebate from the seller who collected the sales tax?
No. The purchaser will not claim the rebate from the seller. The purchaser, if filling tax reports with the Sales and Use Tax Section, will claim their rebates directly on their monthly report. For businesses not filling monthly sales tax reports, claims for rebate are to filed directly with DFA.
I have a sales tax permit and collect and remit sales tax to the State of Arkansas on my sales. Can I take credit on my monthly return for the additional local taxes I paid on my purchase invoices that exceed $2,500.00?
Yes. Businesses that hold active Arkansas sales and use tax permits and file Excise Tax reports with DFA may deduct the amount of additional city and county tax paid on business purchases on which the full amount of local tax has been collected by the seller. The total amount of the additional tax for a qualifying rebate for each city and county for which the tax was paid must be listed on the form. When completing the form, a credit for any additional tax paid on purchases will be deducted from the local sales tax being remitted for the reporting period. Your forms instruction packet contains information on how to claim your credit.
My business is not required to collect sales taxes and file monthly reports. How do I receive reimbursement for additional local taxes paid on my business purchases?
Businesses not holding active sales and use tax permits may use the Claim for Local Cap Rebate Form Number ET-179A and provide the necessary supporting documentation for their claim. The form may be obtained by contacting the Sales and Use Tax Section by telephone at (501) 682-7105.
How much time do I have to request my rebates of additional local taxes paid on my eligible business purchases?
Rebate requests for qualifying business purchases made prior to October 1, 2015 must be submitted no later than six months from the date of the purchase or the date of payment of the tax to the seller, whichever is later. Rebate requests for qualifying business purchases made on or after October 1, 2015 must be submitted no later than one year from the date of the purchase or the date of payment of the tax to the seller, whichever is later.
Arkansas Sales Tax rebate for contractors and other industries on invoices over $2500.00
Copyright © 2019 Salestaxrebate - All Rights Reserved.