Arkansas Telecommunications Services Agreement

State:
Multi-State
Control #:
US-12694BG
Format:
Word; 
Rich Text
Instant download

Description

This form is a detailed Telecommunications Services Agreement document for use in the computer, internet and/or software industries.
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FAQ

While often used interchangeably, a contract is a specific type of agreement that is legally enforceable. A contract must contain clear terms, mutual consent, consideration, and legal purpose. In contrast, agreements may not meet all these criteria and may not hold up in a legal context, particularly in matters like an Arkansas Telecommunications Services Agreement.

Traditional Goods or Services Goods that are subject to sales tax in Arkansas include physical property, like furniture, home appliances, and motor vehicles. Arkansas charges a 1.5% reduced rate on the purchase of groceries.

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

Yes, the repair (parts and labor) of farm machinery and equipment is taxable. Is used property taxable? Yes, the sale of used tangible personal property is taxable except as noted in Arkansas Gross Receipts Tax Rules GR-18 and GR-50.

Retail sales of tangible items in California are generally subject to sales tax. Examples include furniture, giftware, toys, antiques and clothing. Some labor service and associated costs are subject to sales tax if they are involved in the creation or manufacturing of new personal property.

Some items are exempt from sales and use tax, including:Sales of certain food products for human consumption (many groceries)Sales to the U.S. Government.Sales of prescription medicine and certain medical devices.Sales of items paid for with food stamps.

Additionally, Ark. Code Ann. § 26- 52-304(a)(2) (Repl. 2014) specifically provides that the repair and maintenance of computer equipment or hardware in any form is subject to Arkansas sales tax.

Some customers are exempt from paying sales tax under Arkansas law. Examples include government agencies, some nonprofit organizations, and merchants purchasing goods for resale. Sellers are required to collect a valid exemption or resale certificate from buyers to validate each exempt transaction.

Currently, sales of contracts, maintenance agreements, and warranties that involve the future performance of taxable services are subject to Arkansas sales tax. Services performed under those contracts are exempt from sales tax because tax was paid on the warranty agreement.

Traditional Goods or Services Goods that are subject to sales tax in Arkansas include physical property, like furniture, home appliances, and motor vehicles. Arkansas charges a 1.5% reduced rate on the purchase of groceries. Some services in Arkansas are subject to sales tax.

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Arkansas Telecommunications Services Agreement