Arkansas Vehicle Tax Credit Bill of Sale

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The Arkansas vehicle tax credit bill of sale is in accordance with Act 1232 of 1997 which allows a seller who sells a motor vehicle, trailer, or semi-trailer forty-five (45) days before or after the purchase date to be treated as a trade-in. Therefore, the seller of a vehicle that has purchased another in the required time-frame, would only have to pay a tax on the sales price difference between the vehicles.