§ 26-53-139 - Exemption for railroad parts, cars, and equipment.
26-53-139. Exemption for railroad parts, cars, and equipment.
There is specifically exempted from any tax imposed by this subchapter including, but not limited to, 26-53-106 -- 26-53-108, parts and other tangible personal property incorporated into or which ultimately become a part of railroad parts, railroad cars, and equipment brought into the State of Arkansas solely and exclusively for the purpose of being repaired, refurbished, modified, or converted within this state.