1. (a) The gross receipts or gross proceeds derived from the sale of livestock reproduction equipment or substances are exempt from gross receipts tax.

2. (b) Definitions. As used in this section:

   1. (1) “Livestock” means any mammal the products of which are used for food or human consumption;

   2. (2) “Livestock reproduction equipment” includes any of the following used in the reproduction of livestock:

      1. (A) Nitrogen;
      2. (B) Nitrogen tanks; and
      3. (C) Any equipment used to implement the reproduction technique; and
   3. (3) “Livestock reproduction substance” means any natural or artificial substance used in the reproduction of livestock, including semen or embryos.

Codification Notes: This section as promulgated prior to codification into the Code of Arkansas Rules contained a footnote as follows: "Source: Ark. Code Ann. § 26-52-439"