Form ET-972 Special Event Exemption Form for Person Not Operating an Established Business - Arkansas

Form ET-972, the Special Event Exemption Form for Person Not Operating an Established Business, is a document used in the state of Arkansas. It is designed for individuals who are not operating an established business but are planning to sell goods or services at a special event. This form allows them to be exempted from certain tax liabilities that are typically associated with retail sales. Examples of special events include craft fairs, trade shows, festivals, or other similar events. Through Form ET-972, these casual or one-time sellers can report their sales and potentially be granted exemption from some taxes typically levied on regular businesses. The exemption applies primarily to sales and use tax.

The Form ET-972 Special Event Exemption Form for Person Not Operating an Established Business is filed by individuals or businesses that will be participating in special events in Arkansas but don't operate an established business in the state. This could be vendors or performers who will be conducting sales or services at a festival, fair, concert, show, or any special event in Arkansas. The form allows them to be exempted from certain tax liabilities associated with their activity in the state for the duration of the special event.

FAQ

Q: What is the Form ET-972: Special Event Exemption Form?
A: Form ET-972 is a document specific to the state of Arkansas in the United States. It is designed to give people who do not run an established business the opportunity to apply for an exemption for special events.

Q: Who should complete the ET-972 Special Event Exemption Form?
A: Anyone who isn't operating an established business but wishes to apply for a sales tax exemption for a special event in Arkansas should complete the ET-972 Special Event Exemption Form.

Q: How do I fill out an ET-972 Special Event Exemption Form?
A: The form requires you to provide your personal information, details about the special event such as the date and location, and a description of the type of merchandise or service that will be sold.

Q: In which state of the USA is the ET-972 Special Event Exemption Form used?
A: The ET-972 Special Event Exemption Form is used in the state of Arkansas.

Q: What is the function of Form ET-972 in Arkansas?
A: The function of the ET-972 Form in Arkansas is to allow individuals who aren't operating an established business to apply for a sales tax exemption for special events in the state.

Q: What is the purpose of tax exemption forms?
A: The purpose of tax exemption forms is to lower the amount of tax owed by either reducing taxable income or showing eligible tax exemptions.