AR HB1822

Life, fire, accident, surety, liability, steam boiler, tornado, health, and other insurance companies with capital stock under $500,000 reduced from $300 to $100 annual franchise tax.

Insurance companies with capital stock of $500,000 or more reduced from $400 to $135 annual franchise tax.

Legal reserve mutual insurance corporations with assets under $100,000,000 reduced from $300 to $100 annual franchise tax, and those with $100,000,000 or more assets reduced from $400 to $135.

Mortgage loan corporations reduced from 0.3% to 0.1% of outstanding loans, with minimum tax reduced from $300 to $100.

Corporations generally reduced from 0.3% to 0.1% calculation method, with minimum tax reduced from $150 to $50, effective for tax years beginning January 1, 2017.