A bulk sale is a sale of goods by a business which engages in selling items out of inventory (as opposed to manufacturing or service industries), often in liquidating or selling a business, and is governed by the bulk sales law. Article 6 of the Uniform Commercial Code (UCC), which has been adopted at least in part all states, governs bulk sales. The heart of the bulk sales law is the requirement that the transferee provide the transferor's creditors with notice of the pending bulk transfer. This notice is the essential protection provided to creditors; once notified, the creditor must take the necessary steps to adequately protect his or her interest.
Arkansas Bulk Sale Notice
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Multi-State
Control #:
US-04035BG
Format:
Word;
Rich Text
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FAQ
How do you register for a sales tax permit in Arkansas? You can register online at the Arkansas Taxpayer Access Point (ATAP) or fill out the paper application Just click Sign up and you'll be prompted to enter business info then register for your sales tax permit.
You can avoid paying sales tax on vehicle transactions in Arkansas if you purchase a used car for less than $4,000.
The fee to register for a sales tax permit in the state of Arkansas is $50 and is non-refundable.
Penalties and Interest If you are late filing your tax return, you will be charged a Failure to File Penalty of 5% of the tax owed, up to a maximum of 35%. If you have filed your return on time, but fail to pay the entire amount due, you will be assessed a Failure to Pay Penalty of 1% per month, up to a maximum of 35%.
Arkansas Sales Tax on Car Purchases: Arkansas collects a 6.5% state sales tax rate on the purchase of all vehicles which cost more than 4,000 dollars. Vehicles which were purchased at a cost of 4,000 dollars or less are not applicable for state sales tax, and will not be charged.
You have three options for filing and paying your Arkansas sales tax:File online File online at the Arkansas Taxpayer Access Point (ATAP). You can remit your payment through their online system.File by mail You can use Form ET-1 and file and pay through the mail.AutoFile Let TaxJar file your sales tax for you.
Contact 501-682-7104 to request ET-1 forms and the forms will be mailed to your business in two to three weeks. For faster service, file your Sales and Use Tax Returns online at .
How do you register for a sales tax permit in Arkansas? You can register online at the Arkansas Taxpayer Access Point (ATAP) or fill out the paper application Just click Sign up and you'll be prompted to enter business info then register for your sales tax permit.
The sales tax sits at 6.5% for used vehicles. Arkansans do not have to pay the sales tax on used vehicles that cost fewer than $4,000.
How long is my Arkansas sales tax exemption certificate good for? There is no stated expiration date on these forms showing when their use expires. In must be noted that the seller may still be required to utilize Form ST391, which proves their entitlement to the exemption.
