AR HB1050

Reduces the employee threshold for mandatory electronic filing of annual income tax withholding statements from 250 employees to 50 employees under Arkansas Code § 26-51-909(b)(2)(B)

Employers with 50 or more employees must file withholding statements electronically, on magnetic media, or in any other machine-readable form approved by the secretary

Allows the secretary to waive the electronic filing requirement for employers with fewer than 250 employees if they demonstrate that electronic filing would cause undue hardship upon application

Effective for tax years beginning on or after January 1, 2021